Trinidad Drilling Ltd. (TSE:TDG) was downgraded by equities researchers at National Bank Financial from an “outperform market weight” rating to a “sector perform overweight” rating in a note issued to investors on Thursday.

TDG has been the subject of a number of other reports. Royal Bank Of Canada reduced their target price on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Friday, October 6th. Raymond James Financial, Inc. reduced their target price on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating for the company in a research note on Tuesday, August 22nd. BMO Capital Markets raised shares of Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research note on Thursday, August 3rd. CIBC reduced their target price on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research note on Friday, October 20th. Finally, TD Securities lowered shares of Trinidad Drilling from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$2.25 to C$2.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$2.46.

Trinidad Drilling (TSE:TDG) opened at C$1.63 on Thursday. Trinidad Drilling has a one year low of C$1.43 and a one year high of C$3.77.

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About Trinidad Drilling

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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