Raymond James Raises Trican Well Service (TSE:TCW) Price Target to C$5.00

Trican Well Service (TSE:TCWGet Rating) had its price target increased by investment analysts at Raymond James from C$4.00 to C$5.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 13.38% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. National Bankshares upgraded shares of Trican Well Service from a “sector perform” rating to a “buy” rating and lifted their target price for the company from C$4.00 to C$6.25 in a research note on Sunday, April 24th. Royal Bank of Canada lifted their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Monday. ATB Capital upped their price objective on shares of Trican Well Service from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a report on Wednesday, January 19th. BMO Capital Markets restated a “buy” rating and set a C$5.25 target price on shares of Trican Well Service in a report on Thursday, May 12th. Finally, TD Securities upped their price target on Trican Well Service from C$3.75 to C$4.25 and gave the stock a “hold” rating in a research note on Thursday, May 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$4.62.

Shares of Trican Well Service stock traded up C$0.06 during trading on Tuesday, hitting C$4.41. 530,891 shares of the stock traded hands, compared to its average volume of 1,427,375. The stock has a market cap of C$1.08 billion and a P/E ratio of 64.85. The company has a fifty day moving average price of C$3.93 and a two-hundred day moving average price of C$3.46. Trican Well Service has a twelve month low of C$2.17 and a twelve month high of C$4.77. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.04 and a current ratio of 2.34.

About Trican Well Service (Get Rating)

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 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; and cement pumpers, bulk equipment, and cement auxiliary equipment.

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