Shares of Trican Well Service Ltd (TSE:TCW) have been assigned an average rating of “Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.51.
TCW has been the topic of several recent analyst reports. GMP Securities upped their target price on shares of Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. 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. National Bank Financial upped their price objective on shares of Trican Well Service from C$6.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. JPMorgan Chase & Co. upped their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets increased their price target on shares of Trican Well Service from C$4.50 to C$7.00 in a research note on Friday, November 3rd.
Shares of Trican Well Service (TCW) traded down C$0.18 during trading hours on Friday, hitting C$4.06. 1,810,622 shares of the stock were exchanged, compared to its average volume of 1,609,008. Trican Well Service has a 1-year low of C$3.11 and a 1-year high of C$5.59. The stock has a market capitalization of $1,410.00, a PE ratio of 20.30 and a beta of -0.49.
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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