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.
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