Trican Well Service Ltd. (TCW) Stock Rating Reaffirmed by AltaCorp Capital
Trican Well Service Ltd. (TSE:TCW)‘s stock had its “outperform” rating reiterated by AltaCorp Capital in a report released on Tuesday.
A number of other research analysts also recently weighed in on TCW. Scotiabank downgraded shares of Trican Well Service from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, October 11th. Canaccord Genuity raised their price objective on shares of Trican Well Service from C$3.25 to C$4.00 in a report on Thursday, October 13th. TD Securities cut 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 report on Monday, August 15th. CIBC raised their price objective on shares of Trican Well Service from C$2.75 to C$3.25 in a report on Wednesday, October 19th. Finally, Raymond James Financial Inc. downgraded shares of Trican Well Service from a “strong-buy” rating to a “market perform” rating and raised their price objective for the stock from C$3.30 to C$3.60 in a report on Friday, October 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$3.35.
Shares of Trican Well Service (TSE:TCW) traded up 2.10% during mid-day trading on Tuesday, reaching $3.40. The company had a trading volume of 358,597 shares. The stock has a 50 day moving average of $3.07 and a 200-day moving average of $2.34. The firm’s market capitalization is $656.33 million. Trican Well Service has a one year low of $0.34 and a one year high of $3.61.
About Trican Well Service
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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