TD Securities Has Lowered Expectations for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its target price cut by equities research analysts at TD Securities from C$6.00 to C$5.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 5.57% from the company’s previous close.

Several other analysts have also recently issued reports on TCW. National Bankshares increased their target price 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 note on Friday, July 4th. ATB Capital increased their target price on shares of Trican Well Service from C$5.50 to C$6.50 and gave the stock an “outperform” rating in a research note on Friday, July 4th. Royal Bank Of Canada increased their target price on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Raymond James Financial upgraded shares of Trican Well Service from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$5.00 to C$6.50 in a research note on Friday, July 4th. Finally, BMO Capital Markets raised their price target on Trican Well Service from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Friday, July 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$6.42.

Trican Well Service Stock Performance

Shares of TCW opened at C$5.21 on Wednesday. The stock’s 50-day simple moving average is C$5.86 and its 200 day simple moving average is C$5.21. The stock has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth 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 52-week low of C$3.69 and a 52-week high of C$6.39.

About Trican Well Service

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.