National Bank Financial cut shares of Trinidad Drilling Ltd. (TSE:TDG) from an outperform market weight rating to a sector perform overweight rating in a research note published on Thursday morning.

A number of other research firms have also commented on TDG. Scotiabank lowered shares of Trinidad Drilling from an outperform rating to a sector perform rating and reduced their price objective for the company from C$3.25 to C$2.50 in a research note on Friday. Royal Bank of Canada cut their target price on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a research note on Friday, October 6th. BMO Capital Markets raised shares of Trinidad Drilling from a market perform rating to an outperform rating and set a C$3.00 target price on the stock in a research note on Thursday, August 3rd. Raymond James Financial, Inc. cut their target price on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a speculative buy rating on the stock in a research note on Tuesday, August 22nd. Finally, CIBC cut their target price on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research note on Friday, October 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of C$2.46.

Trinidad Drilling (TSE TDG) traded down C$0.03 during trading hours on Thursday, hitting C$1.63. 1,692,263 shares of the stock were exchanged, compared to its average volume of 706,558. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$3.77.

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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.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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