Trican Well Service (TSE:TCW - Get Free Report) had its target price boosted by stock analysts at National Bankshares from C$5.75 to C$6.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price indicates a potential upside of 19.71% from the stock's current price.
Other analysts also recently issued research reports about the stock. Royal Bank Of Canada upped their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. TD Securities reduced their price objective on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Trican Well Service presently has an average rating of "Moderate Buy" and a consensus price target of C$6.21.
Read Our Latest Research Report on TCW
Trican Well Service Stock Up 4.4%
Trican Well Service stock traded up C$0.23 during trading on Friday, reaching C$5.43. 899,807 shares of the company's stock were exchanged, compared to its average volume of 562,595. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. Trican Well Service has a 52-week low of C$3.69 and a 52-week high of C$5.45. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.22 and a beta of 1.73. The company's 50-day moving average is C$4.40 and its two-hundred day moving average is C$4.57.
Trican Well Service Company Profile
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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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