Trican Well Service Ltd (TCW) Receives Average Recommendation of “Buy” from Analysts
Shares of Trican Well Service Ltd (TSE:TCW) have received an average rating of “Buy” from the thirteen ratings firms that are covering the stock. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$6.27.
Several research firms have issued reports on TCW. Scotiabank reaffirmed an “outperform” rating and set a C$7.00 price target on shares of Trican Well Service in a research report on Thursday, May 4th. CIBC upped their price target on shares of Trican Well Service from C$5.75 to C$6.75 in a research report on Friday, February 24th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$6.15 price target on shares of Trican Well Service in a research report on Tuesday, January 24th. AltaCorp Capital raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 4th. Finally, National Bank Financial upped their price target on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd.
In other Trican Well Service news, Director Gilbert Allen Brooks purchased 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The shares were acquired at an average cost of C$3.66 per share, for a total transaction of C$43,920.00. Also, insider Wilks Brothers, Llc purchased 700,000 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The stock was acquired at an average price of C$3.57 per share, for a total transaction of C$2,499,000.00. Insiders bought 2,712,000 shares of company stock worth $9,742,920 over the last three months.
Trican Well Service (TSE:TCW) traded down 0.23% on Tuesday, reaching $4.42. 1,475,910 shares of the company were exchanged. The stock has a 50 day moving average of $4.11 and a 200 day moving average of $4.28. The firm’s market capitalization is $855.82 million. Trican Well Service has a 12-month low of $1.54 and a 12-month high of $5.59.
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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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