Trinidad Drilling Ltd. (TSE:TDG) had its price objective reduced by Canaccord Genuity from C$3.50 to C$2.50 in a report released on Tuesday.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada reaffirmed an outperform rating and set a C$4.00 target price on shares of Trinidad Drilling in a research report on Wednesday, June 21st. BMO Capital Markets dropped their target price on 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 target price on Trinidad Drilling from C$4.25 to C$4.50 and gave the company an outperform rating in a research report on Wednesday, May 3rd. National Bank Financial raised 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 target price on Trinidad Drilling and gave the company an outperform rating in a research report on Thursday, March 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of C$3.70.

Trinidad Drilling (TSE:TDG) opened at 1.81 on Tuesday. Trinidad Drilling has a 52 week low of $1.74 and a 52 week high of $3.77. The stock’s market cap is $487.88 million. The firm’s 50-day moving average price is $2.06 and its 200-day moving average price is $2.56.

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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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