Trican Well Service Ltd. (TCW) Downgraded by Pi Financial
Trican Well Service Ltd. (TSE:TCW) was downgraded by equities research analysts at Pi Financial from a “buy” rating to a “neutral” rating in a report released on Friday, StockTargetPrices.com reports.
TCW has been the subject of several other reports. Scotiabank restated an “outperform” rating and set a C$3.50 price target on shares of Trican Well Service in a report on Monday, August 15th. Evercore Partners Inc. lifted their target price on shares of Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. TD Securities reduced their target price on shares of Trican Well Service from C$3.00 to C$2.75 and set a “speculative buy” rating for the company in a research note on Monday, August 15th. Royal Bank Of Canada upgraded shares of Trican Well Service from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$2.00 to C$5.00 in a research note on Wednesday, June 22nd. Finally, Evercore ISI lifted their target price on shares of Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$2.79.
Shares of Trican Well Service (TSE:TCW) traded down 5.79% on Friday, reaching $3.09. 1,537,870 shares of the company’s stock traded hands. The firm’s market capitalization is $596.49 million. The company’s 50-day moving average is $2.38 and its 200-day moving average is $1.98. Trican Well Service has a 52 week low of $0.34 and a 52 week high of $3.37.
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About Trican Well Service
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
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