Trican Well Service Ltd. (TCW) Cut to Hold at GMP Securities
Trican Well Service Ltd. (TSE:TCW) was downgraded by equities research analysts at GMP Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
A number of other research analysts have also recently commented on the company. Evercore ISI upped their price objective on Trican Well Service from C$2.00 to C$3.00 in a report on Wednesday, June 29th. Royal Bank Of Canada upgraded Trican Well Service from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$2.00 to C$5.00 in a research note on Wednesday, June 22nd. Scotiabank reiterated an “outperform” rating and issued a C$3.50 price objective on shares of Trican Well Service in a research note on Monday, August 15th. Pi Financial increased their price objective on Trican Well Service from C$2.20 to C$3.30 in a research note on Monday, October 3rd. Finally, Raymond James Financial Inc. cut Trican Well Service from a “strong-buy” rating to a “market perform” rating and increased their price objective for the company from C$3.30 to C$3.60 in a research note on Friday, October 7th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Trican Well Service presently has an average rating of “Hold” and a consensus price target of C$2.94.
Shares of Trican Well Service (TSE:TCW) traded down 1.25% on Tuesday, reaching $3.15. The company had a trading volume of 1,028,124 shares. Trican Well Service has a 12 month low of $0.34 and a 12 month high of $3.37. The firm’s 50 day moving average is $2.55 and its 200 day moving average is $2.08. The firm’s market capitalization is $608.07 million.
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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