Trican Well Service (TCW) Given a C$7.25 Price Target at Scotiabank

Scotiabank set a C$7.25 price target on Trican Well Service (TSE:TCW) in a report issued on Thursday morning. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also commented on TCW. Canaccord Genuity raised their price objective on shares of Trican Well Service from C$6.00 to C$7.25 in a research note on Friday, November 3rd. BMO Capital Markets raised their price objective on shares of Trican Well Service from C$4.50 to C$7.00 in a research note on Friday, November 3rd. CIBC lowered their price objective on shares of Trican Well Service from C$6.75 to C$6.25 in a research note on Tuesday, December 12th. TD Securities lowered their price objective on shares of Trican Well Service from C$5.50 to C$4.50 and set a hold rating on the stock in a research note on Tuesday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company a neutral rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$6.54.

Trican Well Service (TCW) traded up C$0.15 on Thursday, hitting C$4.05. The stock had a trading volume of 2,911,400 shares, compared to its average volume of 2,717,529. The company has a market capitalization of $1,350.00, a PE ratio of 20.25 and a beta of -0.49. Trican Well Service has a 52 week low of C$3.11 and a 52 week high of C$5.59.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Wednesday, November 1st. The company reported C$0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.08 by C$0.06. Trican Well Service had a return on equity of 16.30% and a net margin of 12.93%.

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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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