Trican Well Services Rating Lowered to Hold at Paradigm Capital (TCW)
Trican Well Services (TSE:TCW) was downgraded by equities research analysts at Paradigm Capital from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a C$15.00 target price on the stock, down from their previous target price of C$16.00. Paradigm Capital’s price target suggests a potential upside of 9.49% from the company’s current price.
A number of other firms have also recently commented on TCW. Analysts at RBC Capital cut their price target on shares of Trican Well Services from C$20.00 to C$18.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Trican Well Services from C$20.00 to C$19.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Trican Well Services from C$15.50 to C$15.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Trican Well Services currently has an average rating of “Hold” and a consensus price target of C$15.14.
Shares of Trican Well Services (TSE:TCW) traded down 0.73% during mid-day trading on Thursday, hitting $13.60. 703,488 shares of the company’s stock traded hands. Trican Well Services has a 1-year low of $11.97 and a 1-year high of $16.23. The stock has a 50-day moving average of $13.30 and a 200-day moving average of $13.6. The company’s market cap is $2.025 billion.
Trican Well Service Ltd. (TSE:TCW) is an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells.
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