Trican Well Service Ltd (TSE:TCW) Receives Average Recommendation of “Buy” from Brokerages
Trican Well Service Ltd (TSE:TCW) has been given an average recommendation of “Buy” by the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$5.99.
Several equities analysts recently weighed in on the stock. Canaccord Genuity cut their target price on shares of Trican Well Service from C$6.00 to C$4.50 in a research note on Tuesday, July 11th. CIBC cut their target price on shares of Trican Well Service from C$6.75 to C$5.25 in a research note on Thursday, July 20th. Pi Financial cut their target price on shares of Trican Well Service from C$6.25 to C$6.00 in a research note on Thursday, June 8th. Scotiabank reaffirmed an “outperform” rating and set a C$7.00 target price on shares of Trican Well Service in a research note on Thursday, May 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$7.00 price objective on shares of Trican Well Service in a research report on Monday, June 5th.
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Trican Well Service (TCW) traded down 2.23% during mid-day trading on Tuesday, hitting $3.51. 1,656,203 shares of the stock were exchanged. The company has a 50-day moving average of $3.50 and a 200-day moving average of $4.17. The stock’s market capitalization is $679.62 million. Trican Well Service has a 52 week low of $2.09 and a 52 week high of $5.59.
Trican Well Service Company Profile
Trican Well Service Ltd., an oilfield services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. It offers cementing services, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and geological services, such as laboratory and field services, as well as education and studies.
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