Trinidad Drilling Ltd. (TSE:TDG) Given Consensus Rating of “Buy” by Brokerages
Trinidad Drilling Ltd. (TSE:TDG) has been given a consensus rating of “Buy” by the twelve analysts that are presently covering the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$3.07.
TDG has been the topic of a number of analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$2.00 target price on shares of Trinidad Drilling in a research report 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 report on Tuesday, June 28th. FirstEnergy Capital upgraded shares of Trinidad Drilling from an “outperform” rating to a “top pick” rating in a research report on Tuesday, July 12th. Paradigm Capital reiterated a “buy” rating and issued a C$3.00 target price on shares of Trinidad Drilling in a research report on Tuesday, June 28th. Finally, TD Securities decreased their target price on shares of Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd.
Trinidad Drilling (TSE:TDG) traded up 2.39% during trading on Monday, hitting $2.57. 204,270 shares of the stock were exchanged. The stock has a 50 day moving average of $2.55 and a 200-day moving average of $2.34. Trinidad Drilling has a 52 week low of $1.41 and a 52 week high of $3.02. The stock’s market cap is $570.76 million.
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.
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