Trinidad Drilling (TSX: TDG), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Canaccord Genuity’s analyst John Bereznicki, with a C$2 price target.
According to TipRanks.com, Bereznicki is ranked #1017 out of 4850 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trinidad Drilling with a C$2.33 average price target.
Trinidad Drilling’s market cap is currently C$371.9M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.29.
Trinidad Drilling Ltd. is an industry-leading contract driller, providing safe, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad’s drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.
The company’s shares closed on Tuesday at C$1.36, close to its 52-week low of C$1.33.
