Trican Well Service (TSE:TCW) Price Target Raised to C$3.75

Trican Well Service (TSE:TCW) had its price objective lifted by research analysts at ATB Capital to C$3.75 in a research report issued on Wednesday, Stock Target Advisor reports. The firm presently has a “na” rating on the stock. ATB Capital’s price objective indicates a potential upside of 36.36% from the stock’s current price.

TCW has been the subject of several other reports. TD Securities boosted their price objective on shares of Trican Well Service from C$2.75 to C$3.00 and gave the company a “hold” rating in a research report on Friday, July 30th. National Bank Financial lifted their target price on Trican Well Service from C$3.25 to C$3.50 and gave the company a “sector perform” rating in a research report on Friday, July 30th. Royal Bank of Canada upgraded shares of Trican Well Service from a “sector perform” rating to an “outperform” rating and set a C$3.50 price target on the stock in a research note on Thursday, September 9th. Cormark set a C$2.66 price objective on shares of Trican Well Service in a research note on Monday, July 26th. Finally, Raymond James boosted their target price on shares of Trican Well Service from C$3.50 to C$3.70 and gave the stock a “strong-buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$2.97.

TCW stock traded up C$0.11 during mid-day trading on Wednesday, hitting C$2.75. The stock had a trading volume of 1,039,990 shares, compared to its average volume of 1,181,624. The firm has a fifty day simple moving average of C$2.56 and a 200 day simple moving average of C$2.37. The firm has a market capitalization of C$703.29 million and a P/E ratio of -12.97. The company has a current ratio of 2.66, a quick ratio of 2.27 and a debt-to-equity ratio of 2.41. Trican Well Service has a 52 week low of C$1.05 and a 52 week high of C$2.81.

About Trican Well Service

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 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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