Trinidad Drilling Ltd. (TDG) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Trinidad Drilling Ltd. (TSE:TDG) from a market perform rating to an outperform rating in a research report released on Thursday morning. BMO Capital Markets currently has C$3.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. Canaccord Genuity downgraded Trinidad Drilling from a buy rating to a hold rating and cut their target price for the stock from C$2.50 to C$1.90 in a research note on Wednesday. Royal Bank Of Canada restated an outperform rating and issued a C$4.00 target price on shares of Trinidad Drilling in a research note on Wednesday, June 21st. Finally, Scotiabank boosted their target price on Trinidad Drilling from C$4.25 to C$4.50 and gave the stock an outperform rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$3.54.

Shares of Trinidad Drilling (TSE TDG) opened at 1.65 on Thursday. The stock has a 50 day moving average price of $1.89 and a 200-day moving average price of $2.32. The firm’s market capitalization is $460.60 million. Trinidad Drilling has a 52-week low of $1.61 and a 52-week high of $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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