Trican Well Service Ltd (TSE:TCW)’s share price traded up 4.1% on Wednesday after National Bank Financial raised their price target on the stock from C$5.50 to C$6.00. National Bank Financial currently has an outperform rating on the stock. Trican Well Service traded as high as C$3.84 and last traded at C$3.79. 1,211,864 shares traded hands during trading, a decline of 40% from the average session volume of 2,006,300 shares. The stock had previously closed at C$3.64.

Other equities analysts have also recently issued reports about the company. J P Morgan Chase & Co increased their price target on Trican Well Service from C$5.00 to C$6.00 in a report on Monday, August 14th. Royal Bank Of Canada reissued an “outperform” rating and set a C$7.00 price target on shares of Trican Well Service in a report on Monday, June 5th. Canaccord Genuity lowered their price target on Trican Well Service from C$6.00 to C$4.50 in a report on Tuesday, July 11th. CIBC lowered their price target on Trican Well Service from C$6.75 to C$5.25 in a report on Thursday, July 20th. Finally, Pi Financial lowered their price target on Trican Well Service from C$6.25 to C$6.00 in a report on Thursday, June 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$5.88.

The company’s market cap is $1.29 billion. The company has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.91.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/08/trican-well-service-ltd-tcw-trading-4-1-higher-after-analyst-upgrade.html.

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.

Receive News & Stock Ratings for Trican Well Service Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service Ltd and related stocks with our FREE daily email newsletter.