Raymond James Financial Upgrades Trican Well Service (TSE:TCW) to “Moderate Buy”

Trican Well Service (TSE:TCW) was upgraded by analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a note issued to investors on Friday, MarketBeat reports. The firm currently has a C$6.50 price objective on the stock, up from their prior price objective of C$5.00. Raymond James Financial’s target price suggests a potential upside of 18.40% from the company’s current price. Raymond James Financial also issued estimates for Trican Well Service’s FY2025 earnings at $0.58 EPS.

A number of other analysts have also recently issued reports on the company. National Bankshares lifted their price objective on Trican Well Service from C$5.75 to C$6.50 and gave the company a “sector perform” rating in a research report on Friday. ATB Capital lifted their price objective on Trican Well Service from C$5.50 to C$6.50 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada lifted their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, TD Securities lifted their price objective on Trican Well Service from C$4.75 to C$5.50 and gave the company a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.21.

Trican Well Service Stock Up 1.9%

Shares of TSE TCW traded up C$0.10 during mid-day trading on Friday, reaching C$5.49. The company had a trading volume of 50,992 shares, compared to its average volume of 560,101. The stock has a fifty day moving average of C$4.45 and a two-hundred day moving average of C$4.58. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.22 and a beta of 1.73. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$5.49.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment 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. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.