Trinidad Drilling Ltd. (TDG) Director Brian Burden Purchases 20,400 Shares of Stock

Trinidad Drilling Ltd. (TSE:TDG) Director Brian Burden acquired 20,400 shares of Trinidad Drilling stock in a transaction on Friday, August 10th. The stock was purchased at an average price of C$1.49 per share, with a total value of C$30,396.00.

Trinidad Drilling stock opened at C$1.73 on Tuesday. Trinidad Drilling Ltd. has a one year low of C$1.33 and a one year high of C$2.11.

A number of brokerages have commented on TDG. Canaccord Genuity upgraded Trinidad Drilling from a “hold” rating to a “buy” rating and reduced their price objective for the stock from C$2.10 to C$2.00 in a research report on Wednesday, August 8th. National Bank Financial reduced their price objective on Trinidad Drilling from C$2.60 to C$2.20 and set a “sector perform” rating for the company in a research report on Thursday, August 2nd. GMP Securities downgraded Trinidad Drilling from a “buy” rating to a “hold” rating and cut their target price for the stock from C$2.50 to C$2.00 in a research report on Thursday, August 9th. Raymond James raised their target price on Trinidad Drilling from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a research report on Friday, June 29th. Finally, BMO Capital Markets cut their target price on Trinidad Drilling from C$3.00 to C$2.00 in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$2.41.

Trinidad Drilling Company Profile

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for complex wells primarily in Canada, the United States, and internationally. It provides land drilling services. The company operates 70 rigs in Canada; and 69 rigs in the United States and internationally. It also engages in construction and insurance businesses; and provides rig technology and labor services.

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