Trican Well Service Ltd. (TCW) Downgraded by Scotiabank
Trican Well Service Ltd. (TSE:TCW) was downgraded by Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research report issued on Tuesday.
A number of other research firms have also recently weighed in on TCW. Raymond James Financial Inc. cut shares of Trican Well Service from a “strong-buy” rating to a “market perform” rating and increased their price objective for the stock from C$3.30 to C$3.60 in a report on Friday, October 7th. Evercore ISI increased their price objective on shares of Trican Well Service from C$2.00 to C$3.00 in a report on Wednesday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$5.00 price objective on shares of Trican Well Service in a report on Tuesday, September 6th. Pi Financial cut shares of Trican Well Service from a “buy” rating to a “neutral” rating in a report on Friday, October 7th. Finally, TD Securities increased their price objective on shares of Trican Well Service from C$2.25 to C$2.75 and gave the stock a “speculative buy” rating in a report on Wednesday, June 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$2.79.
Shares of Trican Well Service (TSE:TCW) traded down 0.32% during mid-day trading on Tuesday, hitting $3.10. 459,772 shares of the stock were exchanged. The stock’s market cap is $598.42 million. Trican Well Service has a one year low of $0.34 and a one year high of $3.37. The company has a 50-day moving average of $2.46 and a 200 day moving average of $2.03.
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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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