Trinidad Drilling Ltd. (TDG) Stock Rating Reaffirmed by Royal Bank Of Canada
Trinidad Drilling Ltd. (TSE:TDG)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a report released on Monday. They currently have a C$4.00 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 59.36% from the stock’s previous close.
TDG has been the subject of several other research reports. FirstEnergy Capital upgraded shares of Trinidad Drilling from an “outperform” rating to a “top pick” rating in a research note on Tuesday, July 12th. Scotiabank restated a “sector perform” rating and issued a C$2.00 price objective on shares of Trinidad Drilling in a research note on Tuesday, June 28th. National Bank Financial upgraded shares of Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Tuesday, June 28th. TD Securities decreased their price objective on shares of Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Finally, Paradigm Capital restated a “buy” rating and issued a C$3.00 price objective on shares of Trinidad Drilling in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$3.37.
Shares of Trinidad Drilling (TSE:TDG) opened at 2.56 on Monday. Trinidad Drilling has a 12-month low of $1.41 and a 12-month high of $3.02. The firm’s market capitalization is $568.54 million. The company has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.34.
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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