Trican Well Service Ltd (TCW) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Trican Well Service Ltd (TSE:TCW) have been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$6.24.
Several equities research analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating and issued a C$7.00 price objective on shares of Trican Well Service in a report on Friday, February 24th. CIBC increased their price objective on Trican Well Service from C$5.75 to C$6.75 in a report on Friday, February 24th. National Bank Financial increased their price objective on Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a C$7.00 price objective on shares of Trican Well Service in a report on Monday, June 5th. Finally, Pi Financial decreased their price objective on Trican Well Service from C$6.25 to C$6.00 in a report on Thursday, June 8th.
In other Trican Well Service news, Director Gilbert Allen Brooks acquired 12,000 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was purchased at an average price of C$3.66 per share, for a total transaction of C$43,920.00. Also, insider Wilks Brothers, Llc acquired 2,000,000 shares of the business’s stock in a transaction on Wednesday, March 22nd. The stock was acquired at an average price of C$3.60 per share, with a total value of C$7,200,000.00. Insiders have bought 2,712,000 shares of company stock valued at $9,742,920 in the last 90 days.
Shares of Trican Well Service (TSE TCW) traded down 4.56% on Monday, reaching $3.56. 1,776,712 shares of the company’s stock traded hands. Trican Well Service has a 52 week low of $1.86 and a 52 week high of $5.59. The firm’s market capitalization is $689.30 million. The firm’s 50 day moving average is $4.08 and its 200 day moving average is $4.41.
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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