Trican Well Service Receives Average Rating of “Buy” from Brokerages (TSE:TCW)
Trican Well Service (TSE:TCW) has earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$17.15.
Trican Well Service (TSE:TCW) traded down 1.31% during mid-day trading on Tuesday, hitting $16.51. The stock had a trading volume of 120,567 shares. Trican Well Service has a 52 week low of $11.97 and a 52 week high of $18.19. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $14.73. The company’s market cap is $2.460 billion.
Trican Well Service (TSE:TCW) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Analysts expect that Trican Well Service will post $-0.11 EPS for the current fiscal year.
A number of research firms have recently commented on TCW. Analysts at Cowen and Company raised their price target on shares of Trican Well Service from C$14.00 to C$16.00 in a research note on Tuesday. Separately, analysts at Raymond James upgraded shares of Trican Well Service from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 15th. They now have a C$21.00 price target on the stock, up previously from C$17.00. Finally, analysts at CIBC raised their price target on shares of Trican Well Service from C$14.00 to C$14.50 in a research note on Monday, May 12th. They now have an “underperform” rating on the stock.
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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