Trican Well Service Ltd. (OTCMKTS:TOLWF) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $3.69.
A number of equities analysts have recently weighed in on TOLWF shares. Canaccord Genuity upgraded Trican Well Service from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Tuesday, October 5th. Royal Bank of Canada raised Trican Well Service from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, September 8th. Stifel Nicolaus boosted their price target on Trican Well Service from C$3.65 to C$3.75 and gave the company a “buy” rating in a research note on Thursday, July 29th. TD Securities boosted their price target on Trican Well Service from C$2.75 to C$3.00 and gave the company a “hold” rating in a research note on Thursday, July 29th. Finally, Raymond James boosted their price target on Trican Well Service from C$3.70 to C$4.15 and gave the company a “strong-buy” rating in a research note on Tuesday.
Shares of TOLWF opened at $2.64 on Monday. Trican Well Service has a fifty-two week low of $0.84 and a fifty-two week high of $2.65. The business’s 50-day moving average is $2.15 and its 200-day moving average is $2.00.
Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.
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