Trican Well Service (TSE:TCW) was upgraded by research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a C$8.00 price target on the stock. Raymond James Financial’s price objective suggests a potential upside of 129.89% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Canaccord Genuity dropped their price objective on Trican Well Service from C$6.50 to C$6.00 in a research report on Tuesday, February 6th. National Bank Financial lifted their price target on Trican Well Service from C$6.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, November 2nd. CIBC lifted their price target on Trican Well Service from C$5.75 to C$6.25 in a report on Friday, October 20th. BMO Capital Markets lifted their price target on Trican Well Service from C$4.50 to C$7.00 in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$6.61.
Shares of Trican Well Service (TCW) traded up C$0.16 during mid-day trading on Tuesday, hitting C$3.48. The stock had a trading volume of 2,388,941 shares, compared to its average volume of 3,182,011. Trican Well Service has a twelve month low of C$2.88 and a twelve month high of C$5.59. The stock has a market capitalization of $1,170.00, a PE ratio of 17.30 and a beta of -0.58.
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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