Trican Well Service (TCW) Hits New 52-Week Low at $1.18
Trican Well Service Ltd (TSE:TCW)’s share price hit a new 52-week low on Thursday . The company traded as low as C$1.18 and last traded at C$1.22, with a volume of 2142614 shares. The stock had previously closed at C$1.25.
A number of brokerages have recently weighed in on TCW. CIBC lowered their target price on Trican Well Service from C$5.50 to C$3.15 in a research note on Tuesday, October 16th. Evercore ISI lowered their price objective on Trican Well Service from C$3.00 to C$2.00 in a research note on Monday, November 12th. TD Securities lowered Trican Well Service from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$3.00 to C$2.00 in a research note on Friday, November 9th. Evercore lowered Trican Well Service from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from C$4.00 to C$3.00 in a research note on Tuesday, October 16th. Finally, Canaccord Genuity lowered their price objective on Trican Well Service from C$4.50 to C$4.25 in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$2.96.
The company has a quick ratio of 2.00, a current ratio of 2.47 and a debt-to-equity ratio of 13.90.
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About Trican Well Service (TSE:TCW)
Trican Well Service Ltd., an oilfield 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. It offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and cement pumpers, bulk equipment, and cement auxiliary equipment.
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