What’s Trinidad Drilling Ltd. Upside After Today’s Huge Increase?

 What's Trinidad Drilling Ltd. Upside After Today's Huge Increase?

The stock of Trinidad Drilling Ltd. (TSE:TDG) is a huge mover today! About 162,608 shares traded hands. Trinidad Drilling Ltd. (TSE:TDG) has risen 38.27% since April 1, 2016 and is uptrending. It has outperformed by 36.32% the S&P500.
The move comes after 7 months positive chart setup for the $491.67M company. It was reported on Nov, 7 by Barchart.com. We have $4.14 PT which if reached, will make TSE:TDG worth $398.25M more.

Trinidad Drilling Ltd. (TSE:TDG) Ratings Coverage

Out of 7 analysts covering Trinidad Drilling Ltd. (TSE:TDG), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $6 is the highest target while $2 is the lowest. The $3.57 average target is 55.90% above today’s ($2.29) stock price. Trinidad Drilling Ltd. has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, November 18, the company rating was upgraded by Raymond James. The rating was downgraded by National Bank Canada on Friday, November 4 to “Sector Perform”. Scotia Capital maintained Trinidad Drilling Ltd. (TSE:TDG) on Tuesday, June 28 with “Sector Perform” rating. The rating was maintained by Scotia Capital on Wednesday, August 5 with “Outperform”. Paradigm Research maintained Trinidad Drilling Ltd. (TSE:TDG) rating on Tuesday, June 28. Paradigm Research has “Buy” rating and $3 price target. Scotia Capital maintained Trinidad Drilling Ltd. (TSE:TDG) rating on Friday, November 4. Scotia Capital has “Sector Perform” rating and $3 price target. As per Friday, October 9, the company rating was downgraded by Scotia Capital.

More news for Trinidad Drilling Ltd. (TSE:TDG) were recently published by: Marketwired.com, which released: “Trinidad Drilling Ltd. Announces Amendments to Its Credit Facility and Debt …” on June 27, 2016. Business.Financialpost.com‘s article titled: “Trinidad Drilling Ltd. and CanElson Drilling Inc. merger gives scale in …” and published on June 11, 2015 is yet another important article.

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with activities in Canada and the United States. The company has a market cap of $491.67 million. The Firm operates through five divisions, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate. It currently has negative earnings. The Canadian Operations segment is engaged in providing land drilling services to the Canadian gas and oil industry.

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