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A statement released today by Raymond James about Trinidad Drilling Ltd. (TSE:TDG) ups the target price to $3.75

Yesterday Trinidad Drilling Ltd. (TSE:TDG) traded 0.37% higher at $2.71. The company’s 50-day moving average is $2.56 and its 200-day moving average is $2.37. The last stock close price is up 14.98% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 393,710 shares of the stock were exchanged, up from an average trading volume of 335,298

Indicating a possible upside of 0.38%, Raymond James increased the stock price target of Trinidad Drilling Ltd. (TSE:TDG) to $3.75

Previously on 8/4/2016, Scotia Capital reported about Trinidad Drilling Ltd. (TSE:TDG) raised the target price from $0.00 to $3.00. At the time, this indicated a possible upside of 0.24%.

See Chart Below

Trinidad Drilling Ltd. (TSE:TDG)

Trinidad Drilling Ltd. has a 52 week low of $1.41 and a 52 week high of $2.97 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $2.47 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Trinidad Drilling Ltd. (TSE:TDG)

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate. The Canadian Operations segment is engaged in providing land drilling services to the Canadian oil and gas industry. The US and International Operations segment is engaged in providing land and barge drilling services to the United States and international oil and gas industries. The Company's Manufacturing Operations segment includes manufacturing work performed in each of the Canadian and the United States manufacturing divisions. The Joint Venture Operations segment consists of international joint ventures operations, which operate in the Ghwar fields in Saudi Arabia, and the Villahermosa and Miquetla region in Mexico.

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