Trinidad Drilling Ltd. (TSE:TDG) had its price target boosted by Raymond James Financial Inc. from C$3.40 to C$3.75 in a report published on Friday morning.

Several other research analysts have also issued reports on the stock. Royal Bank Of Canada reiterated an outperform rating and issued a C$4.00 price target on shares of Trinidad Drilling in a research note on Monday, October 3rd. Scotiabank restated a sector perform rating and set a C$3.00 price objective on shares of Trinidad Drilling in a research note on Thursday, August 4th. TD Securities reduced 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. FirstEnergy Capital upgraded shares of Trinidad Drilling from an outperform rating to a top pick rating in a research note on Tuesday, July 12th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of C$3.40.

Trinidad Drilling (TSE:TDG) traded up 0.37% during mid-day trading on Friday, hitting $2.72. 393,710 shares of the stock traded hands. The stock’s market cap is $604.08 million. The company’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.37. Trinidad Drilling has a 1-year low of $1.41 and a 1-year high of $3.00.

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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