Trinidad Drilling Ltd. (TDG) Receives C$2.54 Consensus Target Price from Analysts

Trinidad Drilling Ltd. (TSE:TDG) has been given a consensus rating of “Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$2.54.

Several brokerages have commented on TDG. CIBC increased their price target on shares of Trinidad Drilling from C$2.25 to C$2.50 in a research note on Tuesday, January 23rd. TD Securities upgraded shares of Trinidad Drilling from a “hold” rating to a “buy” rating and increased their price target for the company from C$2.00 to C$2.50 in a research note on Tuesday, January 30th. Raymond James Financial dropped their price target on shares of Trinidad Drilling from C$2.75 to C$2.55 and set an “outperform” rating on the stock in a research note on Tuesday, January 30th. GMP Securities increased their price target on shares of Trinidad Drilling from C$2.00 to C$2.25 in a research note on Thursday, January 18th. Finally, Canaccord Genuity dropped their price target on shares of Trinidad Drilling from C$2.10 to C$2.00 in a research note on Tuesday, February 6th.

Shares of Trinidad Drilling (TSE:TDG) traded up C$0.08 during trading on Friday, reaching C$1.72. 207,706 shares of the company’s stock traded hands, compared to its average volume of 623,205. The stock has a market capitalization of $456.67, a price-to-earnings ratio of -5.96 and a beta of 1.37. Trinidad Drilling has a one year low of C$1.43 and a one year high of C$2.87.

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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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