Trican Well Service Ltd. (TCW) Rating Lowered to Sector Perform at Scotiabank
Trican Well Service Ltd. (TSE:TCW) was downgraded by equities researchers at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday.
TCW has been the subject of a number of other reports. Pi Financial upped their price objective on shares of Trican Well Service from C$2.20 to C$3.30 in a research report on Monday, October 3rd. Evercore Partners Inc. upped their price objective on shares of Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. TD Securities lowered their price objective 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 report on Monday, August 15th. Royal Bank Of Canada upgraded shares of Trican Well Service from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$2.00 to C$5.00 in a research report on Wednesday, June 22nd. Finally, Evercore ISI upped their price objective on shares of Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. 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 1.29% during trading on Tuesday, reaching $3.07. 402,472 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 market cap is $592.63 million. The stock’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.03.
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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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