Trican Well Service (TSE:TCW) Given New C$5.50 Price Target at TD Securities

Trican Well Service (TSE:TCW - Get Free Report) had its price objective increased by stock analysts at TD Securities from C$4.75 to C$5.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' price target would indicate a potential upside of 1.29% from the stock's current price.

A number of other equities analysts have also recently issued reports on the company. National Bankshares boosted their price objective on Trican Well Service from C$5.75 to C$6.50 and gave the company a "sector perform" rating in a report on Friday. Royal Bank Of Canada lifted their target price on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Trican Well Service presently has an average rating of "Moderate Buy" and an average target price of C$6.21.

Trican Well Service Trading Up 4.4%

Shares of TCW traded up C$0.23 during mid-day trading on Friday, reaching C$5.43. 899,807 shares of the company's stock traded hands, compared to its average volume of 562,595. The stock has a market cap of C$1.02 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.22 and a beta of 1.73. The stock's 50-day moving average is C$4.40 and its two-hundred day moving average is C$4.57. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$5.45. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75.

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 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.

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