Trinidad Drilling Ltd. (TDG) Downgraded by National Bank Financial to Sector Perform Overweight

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

Other equities analysts also recently issued research reports about the company. Scotiabank downgraded Trinidad Drilling from an outperform rating to a sector perform rating and cut their price objective for the company from C$3.25 to C$2.50 in a research report on Friday. Canaccord Genuity downgraded Trinidad Drilling from a buy rating to a hold rating and cut their price objective for the company from C$2.50 to C$1.90 in a research report on Wednesday, August 2nd. TD Securities downgraded Trinidad Drilling from a buy rating to a hold rating and cut their price objective for the company from C$2.25 to C$2.00 in a research report on Thursday. CIBC cut their price objective on Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Finally, BMO Capital Markets upgraded Trinidad Drilling from a market perform rating to an outperform rating and set a C$3.00 price objective for the company in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of C$2.46.

Trinidad Drilling (TSE:TDG) opened at C$1.63 on Thursday. Trinidad Drilling has a 52-week low of C$1.43 and a 52-week high of C$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.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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