Trican Well Service (TSE:TCW) Upgraded at Raymond James Financial

Trican Well Service (TSE:TCW - Get Free Report) was upgraded by Raymond James Financial from a "market perform" rating to an "outperform" rating in a research note issued on Friday,BayStreet.CA reports. The firm presently has a C$6.50 price target on the stock, up from their prior price target of C$5.00. Raymond James Financial's price objective points to a potential upside of 19.71% from the company's current price. Raymond James Financial also issued estimates for Trican Well Service's FY2025 earnings at $0.58 EPS.

Other equities research analysts have also issued reports about the stock. National Bankshares raised their price objective on shares of Trican Well Service from C$5.75 to C$6.50 and gave the stock a "sector perform" rating in a report on Friday. TD Securities increased their target price on Trican Well Service from C$4.75 to C$5.50 and gave the stock a "hold" rating in a report on Friday. Royal Bank Of Canada lifted their price target on 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. Finally, ATB Capital upped their price objective on Trican Well Service from C$5.50 to C$6.50 and gave the stock an "outperform" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Trican Well Service has an average rating of "Moderate Buy" and an average target price of C$6.21.

Trican Well Service Stock Up 4.4%

TSE TCW traded up C$0.23 during trading hours 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. The company has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth 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 has a one year low of C$3.69 and a one year high of C$5.45.

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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