Trican Well Service Given Average Rating of “Buy” by Analysts (TSE:TCW)
Shares of Trican Well Service (TSE:TCW) have earned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, American Banking News reports. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$18.08.
Trican Well Service (TSE:TCW) traded up 0.45% during mid-day trading on Monday, hitting $15.46. 7,262 shares of the company’s stock traded hands. Trican Well Service has a 1-year low of $11.97 and a 1-year high of $18.19. The stock’s 50-day moving average is $16.13 and its 200-day moving average is $15.34. The company’s market cap is $2.313 billion.
Trican Well Service (TSE:TCW) last announced its earnings results on Thursday, July 31st. The company reported ($0.29) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.33) by $0.04.
A number of analysts have recently weighed in on TCW shares. Analysts at Canaccord Genuity raised their price target on shares of Trican Well Service from C$18.50 to C$20.00 in a research note on Thursday, July 31st. Separately, analysts at CIBC upgraded shares of Trican Well Service from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 31st. Finally, analysts at NBF raised their price target on shares of Trican Well Service from C$16.00 to C$17.00 in a research note on Wednesday, July 30th. They now have a “sector perform” 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.