Trican Well Service (TSE:TCW) had its price objective raised by stock analysts at Royal Bank of Canada from C$1.25 to C$1.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 82.93% from the stock’s current price.
TCW has been the topic of several other research reports. Canaccord Genuity reduced their target price on shares of Trican Well Service from C$1.20 to C$1.00 in a research note on Friday, August 16th. BMO Capital Markets reduced their target price on shares of Trican Well Service from C$1.75 to C$1.00 in a research note on Friday, August 2nd. CIBC cut their price target on shares of Trican Well Service from C$1.50 to C$1.25 in a research report on Tuesday, October 15th. National Bank Financial cut their price target on shares of Trican Well Service from C$1.70 to C$1.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, TD Securities cut their price target on shares of Trican Well Service from C$1.10 to C$1.00 and set a “hold” rating on the stock in a research report on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$1.30.
Shares of TSE TCW traded down C$0.05 during mid-day trading on Friday, hitting C$0.82. The company’s stock had a trading volume of 563,131 shares, compared to its average volume of 1,012,126. The stock has a market cap of $247.41 million and a price-to-earnings ratio of -1.21. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.78 and a quick ratio of 1.35. Trican Well Service has a one year low of C$0.81 and a one year high of C$1.73. The company’s fifty day simple moving average is C$0.95 and its 200-day simple moving average is C$1.10.
In other news, insider Sime Armoyan purchased 97,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of C$0.93 per share, for a total transaction of C$90,675.00. Following the transaction, the insider now directly owns 30,097,500 shares of the company’s stock, valued at approximately C$27,990,675.
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 solutions, 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 cement pumpers, bulk equipment, and cement auxiliary equipment.
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