Trican Well Service Ltd (TCW) Receives Average Recommendation of “Buy” from Analysts

Trican Well Service Ltd (TSE:TCW) has been assigned an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$5.95.

TCW has been the subject of several recent research reports. CIBC increased their price target on Trican Well Service from C$5.75 to C$6.25 in a research note on Friday, October 20th. National Bank Financial increased their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. GMP Securities increased their price target on Trican Well Service from C$5.00 to C$7.00 in a research note on Wednesday, September 20th. Canaccord Genuity decreased their price target on Trican Well Service from C$6.00 to C$4.50 in a research note on Tuesday, July 11th. Finally, JPMorgan Chase & Co. increased their price target on Trican Well Service from C$5.00 to C$6.00 in a research note on Monday, August 14th.



Trican Well Service (TCW) traded up 2.22% during trading on Friday, hitting $4.60. The stock had a trading volume of 2,624,112 shares. The company’s market cap is $1.59 billion. Trican Well Service has a 52 week low of $2.72 and a 52 week high of $5.59. The company has a 50-day moving average of $4.30 and a 200 day moving average of $3.91.

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In related news, insider David R. Jones sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total transaction of C$229,500.00. Also, insider Etienne Poulin sold 9,867 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of C$4.18, for a total value of C$41,244.06.

About Trican Well Service

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.

Analyst Recommendations for Trican Well Service (TSE:TCW)

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