Trican Well Service (TSE:TCW – Get Rating) had its target price boosted by equities research analysts at National Bankshares from C$6.25 to C$6.75 in a research note issued on Thursday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 70.03% from the stock’s current price.
Other equities analysts have also issued reports about the company. TD Securities raised Trican Well Service from a “hold” rating to a “buy” rating and set a C$4.25 price objective for the company in a report on Monday, October 3rd. BMO Capital Markets increased their price objective on Trican Well Service from C$5.25 to C$5.50 in a report on Wednesday, July 27th. Finally, ATB Capital increased their price objective on Trican Well Service from C$5.00 to C$5.50 in a report on Thursday, July 28th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$5.75.
Trican Well Service Stock Performance
Shares of Trican Well Service stock opened at C$3.97 on Thursday. The company has a market cap of C$923.46 million and a PE ratio of 28.36. Trican Well Service has a 52 week low of C$2.46 and a 52 week high of C$4.90. The business has a 50 day moving average price of C$3.35 and a 200-day moving average price of C$3.70. The company has a quick ratio of 1.71, a current ratio of 1.92 and a debt-to-equity ratio of 8.52.
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 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; and cement pumpers, bulk equipment, and cement auxiliary equipment.
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