TD Securities Lowers Trican Well Service Ltd (TCW) to Hold
TD Securities lowered shares of Trican Well Service Ltd (TSE:TCW) from a buy rating to a hold rating in a research note published on Wednesday morning. TD Securities currently has C$5.50 price objective on the stock, down from their previous price objective of C$6.00.
Other equities analysts have also issued research reports about the company. J P Morgan Chase & Co raised their price objective on Trican Well Service from C$5.00 to C$6.00 in a research report on Monday, August 14th. Canaccord Genuity lifted their price target on Trican Well Service from C$6.00 to C$7.25 in a research report on Friday, November 3rd. BMO Capital Markets lifted their price target on Trican Well Service from C$4.50 to C$7.00 in a research report on Friday, November 3rd. National Bank Financial lifted their price target on Trican Well Service from C$6.00 to C$7.50 and gave the stock an outperform rating in a research report on Thursday, November 2nd. Finally, GMP Securities lifted their price target on Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$6.36.
Trican Well Service (TCW) opened at C$4.66 on Wednesday. Trican Well Service has a 52-week low of C$3.07 and a 52-week high of C$5.59.
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In other Trican Well Service news, insider David R. Jones sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total transaction of C$229,500.00. Also, insider Etienne Poulin sold 9,867 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$4.18, for a total value of C$41,244.06.
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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