Trinidad Drilling Ltd. (TDG) Raised to “Outperfrom Under Weight” at National Bank Financial

National Bank Financial upgraded shares of Trinidad Drilling Ltd. (TSE:TDG) from a sector perform under weight rating to an outperfrom under weight rating in a research report report published on Thursday.

TDG has been the subject of several other reports. Royal Bank of Canada boosted their price objective on Trinidad Drilling from C$4.00 to C$5.00 in a research report on Friday, December 16th. Raymond James Financial, Inc. reduced their price objective on Trinidad Drilling from C$4.25 to C$4.10 and set an outperform rating for the company in a research report on Wednesday, February 8th. BMO Capital Markets boosted their price objective on Trinidad Drilling from C$3.00 to C$3.75 in a research report on Tuesday, January 10th. TD Securities reduced their price objective on Trinidad Drilling from C$4.25 to C$4.00 and set a buy rating for the company in a research report on Friday, February 10th. Finally, CIBC reduced their price objective on Trinidad Drilling from C$4.50 to C$4.25 in a research report on Friday, March 3rd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$3.69.

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