Trican Well Service Ltd. (TCW) Rating Lowered to Market Perform at Raymond James Financial Inc.
Trican Well Service Ltd. (TSE:TCW) was downgraded by equities researchers at Raymond James Financial Inc. from a “strong-buy” rating to a “market perform” rating in a note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$3.60 price target on the stock, up from their previous price target of C$3.30. Raymond James Financial Inc.’s price target suggests a potential upside of 9.76% from the stock’s current price.
Several other research analysts have also commented on TCW. Pi Financial lowered shares of Trican Well Service from a “buy” rating to a “neutral” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of Trican Well Service in a report on Tuesday, September 6th. TD Securities decreased their price target 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 report on Monday, August 15th. Scotiabank reaffirmed an “outperform” rating and issued a C$3.50 price target on shares of Trican Well Service in a report on Monday, August 15th. Finally, Evercore Partners Inc. lifted their price target on shares of Trican Well Service from C$2.00 to C$3.00 in a report on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$2.79.
Shares of Trican Well Service (TSE:TCW) traded down 4.88% on Friday, reaching $3.12. 1,568,969 shares of the company’s stock were exchanged. The company’s market capitalization is $602.28 million. The stock’s 50-day moving average price is $2.38 and its 200-day moving average price is $1.98. Trican Well Service has a 1-year low of $0.34 and a 1-year high of $3.37.
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Trican Well Service Company Profile
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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