Trican Well Service Ltd (TCW) Given Average Rating of “Buy” by Analysts
Shares of Trican Well Service Ltd (TSE:TCW) have been given a consensus rating of “Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$6.36.
Several research analysts have recently issued reports on the stock. National Bank Financial upped their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Tuesday, September 5th. CIBC upped their price target on shares of Trican Well Service from C$5.75 to C$6.25 in a report on Friday, October 20th. BMO Capital Markets upped their price target on shares of Trican Well Service from C$4.50 to C$7.00 in a report on Friday, November 3rd. TD Securities downgraded shares of Trican Well Service from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$6.00 to C$5.50 in a report on Wednesday. Finally, Canaccord Genuity upped their price target on shares of Trican Well Service from C$6.00 to C$7.25 in a report on Friday, November 3rd.
In other Trican Well Service news, insider David R. Jones sold 50,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of C$4.59, for a total transaction of C$229,500.00. Also, insider Etienne Poulin sold 9,867 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of C$4.18, for a total transaction of C$41,244.06.
Shares of Trican Well Service (TSE:TCW) traded up C$0.04 during trading hours on Thursday, hitting C$4.56. 3,298,460 shares of the stock traded hands, compared to its average volume of 1,989,600. Trican Well Service has a 52 week low of C$3.07 and a 52 week high of C$5.59.
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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