Trinidad Drilling (TDG) PT Raised to C$3.00

Trinidad Drilling (TSE:TDG) had its price objective hoisted by GMP Securities from C$2.75 to C$3.00 in a research report report published on Friday morning.

Several other research firms also recently commented on TDG. National Bank Financial boosted their target price on Trinidad Drilling from C$1.95 to C$2.20 and gave the stock a sector perform rating in a report on Tuesday, February 27th. Canaccord Genuity dropped their target price on Trinidad Drilling from C$2.10 to C$2.00 in a report on Tuesday, February 6th. TD Securities raised Trinidad Drilling from a hold rating to a buy rating and boosted their target price for the stock from C$2.00 to C$2.50 in a report on Tuesday, January 30th. Raymond James Financial boosted their target price on Trinidad Drilling from C$2.20 to C$2.35 and gave the stock an outperform rating in a report on Monday, December 18th. Finally, CIBC boosted their target price on Trinidad Drilling from C$2.25 to C$2.50 in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$2.59.

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Trinidad Drilling stock opened at C$1.94 on Friday. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$2.57.

Trinidad Drilling (TSE:TDG) last released its earnings results on Monday, February 26th. The company reported C($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.08) by C$0.03. Trinidad Drilling had a negative return on equity of 13.57% and a negative net margin of 34.40%. The business had revenue of C$137.90 million for the quarter, compared to the consensus estimate of C$136.70 million.

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Trinidad Drilling Company Profile

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for the oil and gas industry primarily in Canada, the United States, and internationally. It provides land drilling services. As of December 31, 2016, the company operated 72 rigs in Canada; and 67 rigs in the United States and internationally.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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