Trican Well Service Ltd (TSE:TCW) shares rose 5.5% during mid-day trading on Wednesday . The company traded as high as C$3.89 and last traded at C$3.83. Approximately 3,599,895 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 1,956,090 shares. The stock had previously closed at C$3.63.
A number of research analysts have recently commented on TCW shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$7.00 price objective on shares of Trican Well Service in a research note on Monday, June 5th. CIBC dropped their price objective on shares of Trican Well Service from C$6.75 to C$5.25 in a research note on Thursday, July 20th. Canaccord Genuity dropped their price objective on shares of Trican Well Service from C$6.00 to C$4.50 in a research note on Tuesday, July 11th. Pi Financial dropped their price objective on shares of Trican Well Service from C$6.25 to C$6.00 in a research note on Thursday, June 8th. Finally, National Bank Financial upped their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$5.88.
The firm’s market capitalization is $1.34 billion. The stock has a 50 day moving average price of $3.55 and a 200-day moving average price of $3.86.
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.
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