Trinidad Drilling Ltd. (TSE:TDG) had its price objective reduced by National Bank Financial from C$2.60 to C$1.95 in a report issued on Friday morning. National Bank Financial currently has a sector perform rating on the stock.
A number of other equities research analysts have also recently weighed in on TDG. Canaccord Genuity cut Trinidad Drilling from a buy rating to a hold rating and cut their price target for the company from C$2.50 to C$1.90 in a report on Wednesday, August 2nd. BMO Capital Markets upgraded shares of Trinidad Drilling from a market perform rating to an outperform rating and set a C$3.00 price target on the stock in a research report on Thursday, August 3rd. Raymond James Financial, Inc. decreased their price target on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a speculative buy rating on the stock in a research report on Tuesday, August 22nd. Royal Bank of Canada decreased their price target on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a research report on Friday, October 6th. Finally, CIBC decreased their price target on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Trinidad Drilling currently has an average rating of Hold and a consensus price target of C$2.46.
Shares of Trinidad Drilling (TDG) traded down C$0.03 during midday trading on Friday, reaching C$1.63. 1,692,263 shares of the company’s stock were exchanged, compared to its average volume of 706,558. Trinidad Drilling has a 1 year low of C$1.43 and a 1 year high of C$3.77.
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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.
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