Trinidad Drilling Ltd. (TDG) Receives Consensus Rating of “Buy” from Brokerages
Trinidad Drilling Ltd. (TSE:TDG) has been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$2.49.
A number of research analysts have recently commented on the company. Raymond James Financial upped their target price on Trinidad Drilling from C$2.35 to C$2.55 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. National Bank Financial cut their target price on Trinidad Drilling from C$2.60 to C$1.95 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. TD Securities cut Trinidad Drilling from a “buy” rating to a “hold” rating and cut their target price for the company from C$2.25 to C$2.00 in a research note on Thursday, November 9th. CIBC cut their target price on Trinidad Drilling from C$2.75 to C$2.50 in a research note on Friday, October 20th. Finally, Royal Bank of Canada cut their target price on Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Friday, October 6th.
Shares of Trinidad Drilling (TSE:TDG) opened at C$1.86 on Monday. Trinidad Drilling has a 52-week low of C$1.43 and a 52-week high of C$3.45. The stock has a market capitalization of $508.63, a P/E ratio of -6.64 and a beta of 1.39.
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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.
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