Trican Well Service Ltd. (TCW) Stock Rating Lowered by Pi Financial
Trican Well Service Ltd. (TSE:TCW) was downgraded by investment analysts at Pi Financial from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, StockTargetPrices.com reports.
Other research analysts have also recently issued research reports about the company. Evercore Partners Inc. lifted their target price on Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Evercore ISI lifted their target price on Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Scotiabank lifted their target price on Trican Well Service from C$2.75 to C$3.00 and gave the company an “outperform” rating in a research report on Wednesday, June 22nd. Royal Bank Of Canada upgraded 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 report on Wednesday, June 22nd. Finally, TD Securities decreased their target price on Trican Well Service from C$3.00 to C$2.75 and set a “speculative buy” rating on the stock in a research report on Monday, August 15th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$2.79.
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. Trican Well Service has a 52 week low of $0.34 and a 52 week high of $3.37. The stock’s 50 day moving average is $2.38 and its 200 day moving average is $1.98. The company’s market cap is $602.28 million.
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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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