Brokerages Set Trican Well Service Ltd (TSE:TCW) PT at C$0.92

Shares of Trican Well Service Ltd (TSE:TCW) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$0.92.

Several equities research analysts have recently weighed in on TCW shares. National Bank Financial reissued a “sector perform overweight” rating on shares of Trican Well Service in a research note on Sunday, April 26th. CIBC decreased their price target on Trican Well Service from C$0.90 to C$0.80 in a research note on Wednesday, April 22nd. Scotiabank decreased their price target on Trican Well Service from C$1.75 to C$1.00 in a research note on Tuesday, April 14th. Royal Bank of Canada increased their price target on Trican Well Service from C$0.70 to C$0.80 and gave the company a “sector perform” rating in a research note on Sunday, May 17th. Finally, Stifel Firstegy raised Trican Well Service from a “hold” rating to a “buy” rating in a research note on Thursday, March 19th.

Trican Well Service stock traded up C$0.01 during trading hours on Tuesday, hitting C$0.82. The stock had a trading volume of 193,423 shares, compared to its average volume of 866,237. The company has a quick ratio of 1.98, a current ratio of 2.50 and a debt-to-equity ratio of 12.21. The stock has a market cap of $216.05 million and a price-to-earnings ratio of -1.02. Trican Well Service has a one year low of C$0.42 and a one year high of C$1.30. The business’s 50 day simple moving average is C$0.78 and its 200-day simple moving average is C$0.82.

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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Analyst Recommendations for Trican Well Service (TSE:TCW)

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