In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Trinidad Drilling (TSX: TDG). Analyst Ian Gillies from GMP FirstEnergy rated Trinidad Drilling (TSX: TDG) a Hold, setting a C$2 price target.
According to TipRanks.com, Gillies is ranked #4570 out of 4850 analysts.
Read also: Crude Oil: Sell Now, Buy Later
Currently, the analyst consensus on Trinidad Drilling is a Moderate Buy with an average price target of C$2.13.
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 512.2K.
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 Thursday at C$1.46, close to its 52-week low of C$1.33.
