Trinidad Drilling Ltd. (TDG) Given Consensus Recommendation of “Buy” by Brokerages

Trinidad Drilling Ltd. (TSE:TDG) has received a consensus recommendation of “Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$3.92.

Several equities analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Trinidad Drilling from C$3.75 to C$3.00 and set a “market perform” rating on the stock in a research report on Thursday, May 11th. Scotiabank increased their price target on shares of Trinidad Drilling from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Royal Bank of Canada reduced their price target on shares of Trinidad Drilling from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. National Bank Financial raised shares of Trinidad Drilling from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Thursday, March 16th. Finally, Raymond James Financial, Inc. set a C$4.10 price target on shares of Trinidad Drilling and gave the stock an “outperform” rating in a research report on Thursday, March 16th.

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Shares of Trinidad Drilling (TSE TDG) opened at 2.00 on Wednesday. The stock’s 50 day moving average price is $2.27 and its 200-day moving average price is $2.67. The firm’s market cap is $539.09 million. Trinidad Drilling has a 52-week low of $1.98 and a 52-week high of $3.77.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:TDG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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