GMP Securities Trims Trican Well Service (TCW) Target Price to C$2.00
Other equities analysts have also issued research reports about the company. CIBC lowered their price target on Trican Well Service from C$3.15 to C$2.50 in a research report on Friday. BMO Capital Markets lowered their price target on Trican Well Service from C$3.50 to C$2.00 and set a hold rating for the company in a research report on Friday. Canaccord Genuity lowered Trican Well Service from a buy rating to a hold rating and lowered their price target for the stock from C$3.25 to C$2.50 in a research report on Tuesday, October 16th. Evercore lowered Trican Well Service from an outperform rating to an in-line rating and lowered their price target for the stock from C$4.00 to C$3.00 in a research report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. lowered Trican Well Service from a neutral rating to an underweight rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of C$3.40.
Shares of TCW traded down C$0.07 during trading hours on Friday, hitting C$1.52. The company had a trading volume of 5,487,100 shares, compared to its average volume of 2,865,502. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 6.74. Trican Well Service has a 52-week low of C$1.45 and a 52-week high of C$5.04.
In other Trican Well Service news, insider Shaun Patrick Kelly bought 20,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average price of C$2.75 per share, with a total value of C$55,000.00.
About Trican Well Service
Trican Well Service Ltd., an oilfield services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. It offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and cement pumpers, bulk equipment, and cement auxiliary equipment.
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