Trican Well Service Ltd (TSE:TCW) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. They currently have a C$5.50 target price on the stock, down from their previous target price of C$6.00. TD Securities’ price target suggests a potential upside of 21.95% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. CIBC boosted their target price on Trican Well Service from C$5.75 to C$6.25 in a report on Friday, October 20th. National Bank Financial boosted their target price on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Tuesday, September 5th. GMP Securities boosted their target price on Trican Well Service from C$5.00 to C$7.00 in a report on Wednesday, September 20th. J P Morgan Chase & Co boosted their target price on Trican Well Service from C$5.00 to C$6.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets boosted their target price on Trican Well Service from C$4.50 to C$7.00 in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Trican Well Service presently has an average rating of “Buy” and an average price target of C$6.36.
Shares of Trican Well Service (TSE:TCW) opened at C$4.51 on Wednesday. Trican Well Service has a fifty-two week low of C$3.07 and a fifty-two week high of C$5.59.
In related news, insider Etienne Poulin sold 9,867 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of C$4.18, for a total transaction of C$41,244.06. Also, insider David R. Jones sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total value of C$229,500.00.
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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