Trican Well Service Ltd (TCW) Trading 4.1% Higher After Analyst Upgrade
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.
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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