Brokerages Set Trinidad Drilling Ltd. (TDG) PT at $3.65

Shares of Trinidad Drilling Ltd. (TSE:TDG) have been given an average rating of “Buy” by the thirteen brokerages that are currently covering the company. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$3.74.

A number of brokerages have recently weighed in on TDG. National Bank Financial raised shares of Trinidad Drilling from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Thursday, March 16th. BMO Capital Markets lifted their target price on shares of Trinidad Drilling from C$3.00 to C$3.75 in a research note on Tuesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$5.00 target price on shares of Trinidad Drilling in a research note on Friday, February 10th. Scotiabank lifted their target price on shares of Trinidad Drilling from C$3.25 to C$3.75 and gave the company an “outperform” rating in a research note on Thursday, March 16th. Finally, TD Securities cut their target price on shares of Trinidad Drilling from C$4.25 to C$4.00 and set a “buy” rating on the stock in a research note on Friday, February 10th.

Shares of Trinidad Drilling (TSE:TDG) opened at 2.24 on Thursday. The firm has a 50-day moving average of $2.63 and a 200 day moving average of $2.76. The stock’s market cap is $603.79 million. Trinidad Drilling has a 1-year low of $1.53 and a 1-year high of $3.77.

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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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