Trican Well Service (TSE:TCW) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Trican Well Service (TSE:TCW) had its price objective hoisted by equities researchers at Royal Bank Of Canada from C$7.00 to C$7.50 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 29.76% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. National Bankshares upped their price objective on shares of Trican Well Service from C$5.75 to C$6.50 and gave the stock a “sector perform” rating in a research report on Friday, July 4th. ATB Capital upped their price objective on shares of Trican Well Service from C$5.50 to C$6.50 and gave the stock an “outperform” rating in a research report on Friday, July 4th. TD Securities upped their price objective on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a “hold” rating in a research report on Friday, July 4th. BMO Capital Markets upped their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, July 4th. Finally, Raymond James Financial upgraded shares of Trican Well Service from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$5.00 to C$6.50 in a report on Friday, July 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$6.42.

Trican Well Service Stock Down 6.5%

Shares of Trican Well Service stock opened at C$5.78 on Thursday. The company has a market cap of C$1.23 billion, a P/E ratio of 10.70, a PEG ratio of 0.22 and a beta of 0.40. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. Trican Well Service has a one year low of C$3.69 and a one year high of C$6.39. The firm has a fifty day moving average of C$5.92 and a two-hundred day moving average of C$5.08.

Trican Well Service Company Profile

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.