Trinidad Drilling (TDG), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Jon Morrison from CIBC remains neutral on the stock and has a C$1.68 price target.
According to TipRanks.com, Morrison has 0 stars on 0-5 star ranking scale with an average return of -17.5% and a 32.3% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Imperial Oil Limited, and Cenovus Energy Inc.
Trinidad Drilling has an analyst consensus of Hold, with a price target consensus of C$1.68.
The company has a one-year high of C$2.11 and a one-year low of C$1.33. Currently, Trinidad Drilling has an average volume of 1.02M.
Trinidad Drilling Ltd. engages in the provision of contract drilling and related services. It operates through the following segments: United States and International Operations; Canadian Operations; Joint Venture Operations; and Corporate segments. The United States and International Operations segment includes technology operations.
The company’s shares closed on Tuesday at C$1.68.
