Trinidad Drilling (TDG) Price Target Raised to C$2.35

Trinidad Drilling (TSE:TDG) had its target price upped by research analysts at Raymond James Financial from C$2.20 to C$2.35 in a research report issued on Monday, December 18th. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 23.68% from the company’s previous close.

TDG has been the subject of several other reports. TD Securities cut Trinidad Drilling from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$2.25 to C$2.00 in a research report on Thursday, November 9th. CIBC reduced their price objective on Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. National Bank Financial cut Trinidad Drilling from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Thursday, November 9th. Royal Bank of Canada reduced their price objective on Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Friday, October 6th. Finally, Scotiabank cut Trinidad Drilling from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$3.25 to C$2.50 in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$2.43.

Trinidad Drilling (TSE TDG) traded up C$0.16 on Monday, hitting C$1.90. The stock had a trading volume of 1,830,180 shares, compared to its average volume of 844,387. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$3.56. The company has a market capitalization of $519.57, a PE ratio of -6.79 and a beta of 1.39.

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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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