GMP Securities Lowers Trican Well Service (TCW) Price Target to C$2.00
Trican Well Service (TSE:TCW) had its price objective reduced by equities researchers at GMP Securities from C$2.50 to C$2.00 in a note issued to investors on Friday. GMP Securities’ target price would suggest a potential upside of 31.58% from the stock’s current price.
TCW has been the topic of several other research reports. CIBC dropped their price objective on shares of Trican Well Service from C$5.50 to C$3.15 in a research note on Tuesday, October 16th. BMO Capital Markets dropped their price target on shares of Trican Well Service from C$4.00 to C$3.50 in a research note on Thursday, August 2nd. Canaccord Genuity lowered shares of Trican Well Service from a “buy” rating to a “hold” rating and lowered their target price for the company from C$3.25 to C$2.50 in a research note on Tuesday, October 16th. Evercore downgraded shares of Trican Well Service from an “outperform” rating to an “in-line” rating and reduced their price target for the company from C$4.00 to C$3.00 in a report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. downgraded shares of Trican Well Service from a “neutral” rating to an “underweight” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$3.40.
Shares of TSE:TCW opened at C$1.52 on Friday. 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 52 week low of C$1.45 and a 52 week high of C$5.04.
In other news, insider Shaun Patrick Kelly bought 20,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average cost of C$2.75 per share, for a total transaction of C$55,000.00.
Trican Well Service Company Profile
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.
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