Trican Well Service (TSE:TCW) Price Target Raised to C$6.00

Trican Well Service (TSE:TCW) had its target price raised by research analysts at ATB Capital from C$5.50 to C$6.00 in a report issued on Tuesday,BayStreet.CA reports. ATB Capital’s price objective would indicate a potential upside of 21.21% from the stock’s current price.

A number of other brokerages also recently issued reports on TCW. Raymond James lowered their price target on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. TD Securities dropped their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Tuesday, October 8th. Finally, BMO Capital Markets reduced their target price on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$5.57.

Trican Well Service Stock Up 2.7 %

Shares of Trican Well Service stock opened at C$4.95 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. Trican Well Service has a 52-week low of C$3.79 and a 52-week high of C$5.24. The company has a market capitalization of C$950.10 million, a P/E ratio of 8.68, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a 50 day moving average of C$4.72 and a 200 day moving average of C$4.73.

About Trican Well Service

Trican Well Service Ltd., an equipment 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. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.