Trinidad Drilling Ltd. (TSE:TDG)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued on Monday, StockTargetPrices.com reports. They presently have a C$4.00 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 58.73% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Paradigm Capital reissued a “buy” rating and issued a C$3.00 price objective on shares of Trinidad Drilling in a research note on Tuesday, June 28th. TD Securities dropped their price objective on Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. National Bank Financial raised Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Tuesday, June 28th. Scotiabank reissued a “sector perform” rating and issued a C$3.00 price objective on shares of Trinidad Drilling in a research note on Thursday, August 4th. Finally, FirstEnergy Capital raised Trinidad Drilling from an “outperform” rating to a “top pick” rating in a research note on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Trinidad Drilling has an average rating of “Buy” and a consensus target price of C$3.37.
Shares of Trinidad Drilling (TSE:TDG) opened at 2.52 on Monday. The company’s market cap is $559.66 million. Trinidad Drilling has a one year low of $1.41 and a one year high of $3.02. The company has a 50 day moving average price of $2.55 and a 200 day moving average price of $2.35.
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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