Trinidad Drilling (TDG) Price Target Raised to C$2.50 at CIBC

Trinidad Drilling (TSE:TDG) had its price objective increased by research analysts at CIBC from C$2.25 to C$2.50 in a research note issued on Tuesday. CIBC’s price objective would suggest a potential upside of 36.61% from the company’s previous close.

A number of other research analysts have also recently commented on TDG. GMP Securities upped their target price on Trinidad Drilling from C$2.00 to C$2.25 in a research note on Thursday, January 18th. National Bank Financial dropped their price objective 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. Raymond James Financial increased their price objective on Trinidad Drilling from C$2.35 to C$2.55 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. TD Securities cut Trinidad Drilling from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$2.25 to C$2.00 in a research note on Thursday, November 9th. Finally, Royal Bank of Canada dropped their price objective 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$2.41.

Trinidad Drilling (TSE TDG) traded up C$0.02 on Tuesday, hitting C$1.83. The stock had a trading volume of 167,410 shares, compared to its average volume of 710,053. The company has a market capitalization of $497.69, a PE ratio of -6.54 and a beta of 1.39. Trinidad Drilling has a 1 year low of C$1.43 and a 1 year high of C$3.17.

Trinidad Drilling (TSE:TDG) last released its earnings results on Wednesday, November 8th. The company reported C($0.16) EPS for the quarter, missing analysts’ consensus estimates of C($0.07) by C($0.09). Trinidad Drilling had a negative net margin of 34.40% and a negative return on equity of 13.57%.

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Trinidad Drilling Company Profile

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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