CIBC upgraded shares of Trican Well Service Ltd (TSE:TCW) from a neutral rating to an outperform rating in a report released on Tuesday.

TCW has been the subject of a number of other reports. Scotiabank reiterated an outperform rating and issued a C$7.00 price target on shares of Trican Well Service in a research report on Friday, February 24th. National Bank Financial upped their target price on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an outperform rating in a research report on Thursday, February 23rd. GMP Securities upped their target price on shares of Trican Well Service from C$6.00 to C$7.00 in a research report on Tuesday, January 10th. Evercore ISI upped their target price on shares of Trican Well Service from C$3.50 to C$5.00 in a research report on Tuesday, December 20th. Finally, Raymond James Financial, Inc. restated an outperform rating and set a C$6.15 target price on shares of Trican Well Service in a research report on Tuesday, January 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$5.67.

Analyst Recommendations for Trican Well Service (TSE:TCW)

Trican Well Service (TSE:TCW) opened at 4.13 on Tuesday. The company has a 50-day moving average of $4.14 and a 200 day moving average of $4.15. The company’s market capitalization is $799.43 million. Trican Well Service has a 12-month low of $1.50 and a 12-month high of $5.59.

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In other news, insider Wilks Brothers, Llc bought 700,000 shares of Trican Well Service stock in a transaction dated Monday, March 27th. The shares were acquired at an average price of C$3.57 per share, with a total value of C$2,499,000.00. Also, Director Gilbert Allen Brooks bought 12,000 shares of Trican Well Service stock in a transaction dated Thursday, March 23rd. The stock was purchased at an average cost of C$3.66 per share, for a total transaction of C$43,920.00. In the last three months, insiders bought 2,712,000 shares of company stock worth $9,742,920.

About Trican Well Service

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.

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