Scotiabank downgraded shares of Trican Well Service Ltd. (TSE:TCW) from a sector outperform rating to a sector perform rating in a research note released on Tuesday.

Several other analysts also recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Royal Bank Of Canada upgraded shares of Trican Well Service from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$2.00 to C$5.00 in a research report on Wednesday, June 22nd. Pi Financial boosted their price objective on shares of Trican Well Service from C$2.20 to C$3.30 in a research report on Monday, October 3rd. Raymond James Financial Inc. downgraded shares of Trican Well Service from a strong-buy rating to a market perform rating and boosted their price objective for the stock from C$3.30 to C$3.60 in a research report on Friday, October 7th. Finally, TD Securities reduced their price objective on shares of Trican Well Service from C$3.00 to C$2.75 and set a speculative buy rating for the company in a research report on Monday, August 15th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$2.79.

Analyst Recommendations for Trican Well Service (TSE:TCW)

Trican Well Service (TSE:TCW) traded down 0.96% during mid-day trading on Tuesday, reaching $3.08. 403,972 shares of the company traded hands. The firm’s market capitalization is $594.56 million. The stock’s 50 day moving average price is $2.46 and its 200 day moving average price is $2.03. Trican Well Service has a 52 week low of $0.34 and a 52 week high of $3.37.

Trican Well Service Company Profile

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.

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