ATB Capital Forecasts Strong Price Appreciation for Trican Well Service (TSE:TCW) Stock

Trican Well Service (TSE:TCW) had its price target upped by investment analysts at ATB Capital from C$5.50 to C$6.00 in a research note issued on Tuesday,BayStreet.CA reports. ATB Capital’s price objective would suggest a potential upside of 21.21% from the stock’s previous close.

A number of other equities analysts also recently issued reports on TCW. BMO Capital Markets dropped their price objective on shares of Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Raymond James dropped their price target on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Finally, TD Securities lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.57.

Trican Well Service Stock Up 2.7 %

Shares of TSE:TCW opened at C$4.95 on Tuesday. The stock has a market capitalization of C$950.10 million, a price-to-earnings ratio of 8.68, a PEG ratio of 0.22 and a beta of 1.73. The stock has a fifty day simple moving average of C$4.72 and a two-hundred day simple moving average of C$4.73. Trican Well Service has a 12-month low of C$3.79 and a 12-month high of C$5.24. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90.

Trican Well Service Company Profile

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 primarily 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.