Trican Well Service (TCW) Rating Reiterated by Raymond James

Trican Well Service (TSE:TCW)‘s stock had its “strong-buy” rating reiterated by equities researchers at Raymond James in a research report issued to clients and investors on Thursday. They presently have a C$3.00 price target on the stock. Raymond James’ price target points to a potential upside of 105.48% from the stock’s current price.

A number of other research analysts have also recently commented on TCW. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$2.00 price objective on shares of Trican Well Service in a report on Tuesday. BMO Capital Markets decreased their price objective on Trican Well Service from C$3.50 to C$2.00 and set a “hold” rating on the stock in a report on Friday, November 9th. GMP Securities decreased their price objective on Trican Well Service from C$2.50 to C$2.00 in a report on Friday, November 9th. CIBC decreased their price objective on Trican Well Service from C$3.15 to C$2.50 in a report on Friday, November 9th. Finally, National Bank Financial decreased their price objective on Trican Well Service from C$3.50 to C$2.75 and set an “outperform” rating on the stock in a report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$2.23.

TCW opened at C$1.46 on Thursday. Trican Well Service has a one year low of C$0.96 and a one year high of C$3.79. The company has a market capitalization of $435.20 million and a P/E ratio of -7.72. The company has a debt-to-equity ratio of 13.90, a quick ratio of 2.00 and a current ratio of 2.47.

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.

Read More: What is a Candlestick Chart?

Analyst Recommendations for Trican Well Service (TSE:TCW)

Receive News & Ratings for Trican Well Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service and related companies with MarketBeat.com's FREE daily email newsletter.