Trican Well Service (TCW) Price Target Cut to C$2.75 by Analysts at National Bank Financial
Trican Well Service (TSE:TCW) had its price target decreased by National Bank Financial from C$3.50 to C$2.75 in a report published on Monday. National Bank Financial currently has an outperform rating on the stock.
TCW has been the topic of a number of other research reports. Royal Bank of Canada cut Trican Well Service from an outperform rating to a sector perform rating and decreased their price target for the stock from C$5.00 to C$3.50 in a research report on Thursday, September 20th. Raymond James lowered Trican Well Service from a strong-buy rating to an outperform rating and reduced their price objective for the company from C$6.25 to C$4.50 in a research note on Friday, September 21st. BMO Capital Markets reduced their price objective on Trican Well Service from C$3.50 to C$2.00 and set a hold rating on the stock in a research note on Friday, November 9th. Evercore ISI lowered Trican Well Service from an outperform rating to an in-line rating and reduced their price objective for the company from C$4.00 to C$3.00 in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. lowered Trican Well Service from a neutral rating to an underweight rating in a research note on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$2.96.
Shares of TSE TCW opened at C$1.25 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.47 and a debt-to-equity ratio of 13.90. Trican Well Service has a 52 week low of C$1.20 and a 52 week high of C$4.42.
Trican Well Service Company Profile
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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