Trican Well Service (TCW) PT Lowered to C$2.00
TCW has been the topic of several other research reports. JPMorgan Chase & Co. downgraded Trican Well Service from a neutral rating to an underweight rating in a report on Thursday, October 18th. Evercore ISI downgraded Trican Well Service from an outperform rating to an in-line rating and cut their price target for the stock from C$4.00 to C$3.00 in a report on Tuesday, October 16th. CIBC cut their price target on Trican Well Service from C$5.50 to C$3.15 in a report on Tuesday, October 16th. Royal Bank of Canada downgraded Trican Well Service from an outperform rating to a sector perform rating and cut their price target for the stock from C$5.00 to C$3.50 in a report on Thursday, September 20th. Finally, Evercore downgraded Trican Well Service from an outperform rating to an in-line rating and cut their price target for the stock from C$4.00 to C$3.00 in a report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Trican Well Service has a consensus rating of Hold and a consensus target price of C$3.40.
Shares of TCW stock traded down C$0.07 on Friday, hitting C$1.52. The stock had a trading volume of 5,487,100 shares, compared to its average volume of 2,865,502. The company has a current ratio of 2.64, a quick ratio of 2.02 and a debt-to-equity ratio of 6.74. Trican Well Service has a 1 year low of C$1.45 and a 1 year high of C$5.04.
In related news, insider Shaun Patrick Kelly purchased 20,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were bought at an average price of C$2.75 per share, for a total transaction of C$55,000.00.
About Trican Well Service
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.
Further Reading: What strategies should day traders use to execute a trade?
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.