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CIBC World Markets announced Trinidad Drilling Ltd. (TSE:TDG), dropping its stock price target to $2.50 today

In a report released on Friday October 20, 2017 CIBC World Markets dropped the price target of Trinidad Drilling Ltd. (TSE:TDG) from $2.75 to $2.50 indicating a possible upside of 0.60%.

Previously on 10/06/2017, RBC Capital Markets reported about Trinidad Drilling Ltd. (TSE:TDG) lowered the target price from $3.50 to $3.00. At the time, this indicated a possible upside of 0.69%.

Yesterday Trinidad Drilling Ltd. (TSE:TDG) traded -1.26% lower at $1.56. The company’s 50-day moving average is $1.72 and its 200-day moving average is $1.93. The last stock close price is down -18.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,304,208 shares of the stock were exchanged, up from an average trading volume of 820,236

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Trinidad Drilling Ltd. (TSE:TDG)

Trinidad Drilling Ltd. has a 52 week low of $1.52 and a 52 week high of $3.77 The company’s market cap is currently $0.

A total of 15 equity analysts have released a research note on TDG. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $2.58.

More 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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