Trinidad Drilling (TDG) has received a rating update from a Wall Street analyst yesterday. Analyst Jon Morrison from CIBC rated Trinidad Drilling (TDG) a Hold, setting a C$1.75 price target.
According to TipRanks.com, Morrison is ranked 0 out of 5 stars with an average return of -16.2% and a 31.7% 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$1.72, representing a 3.0% upside. In a report issued on November 9, Canaccord Genuity also downgraded the stock to Hold with a C$1.68 price target.
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Trinidad Drilling’s market cap is currently C$456.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.59.
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 Monday at C$1.67.
