Trican Well Service Ltd. (TCW) Cut to Hold at GMP Securities

Trican Well Service Ltd. (TSE:TCW) was downgraded by stock analysts at GMP Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts also recently weighed in on TCW. TD Securities boosted their price objective on shares of Trican Well Service from C$2.25 to C$2.75 and gave the company a “speculative buy” rating in a research report on Wednesday, June 22nd. Scotiabank boosted their price objective on shares of Trican Well Service from C$2.75 to C$3.00 and gave the company an “outperform” rating in a research report on Wednesday, June 22nd. Evercore Partners Inc. boosted their price objective on shares of Trican Well Service from C$2.00 to C$3.00 in a research report on Wednesday, June 29th. Canaccord Genuity boosted their price objective on shares of Trican Well Service from C$3.25 to C$4.00 in a research report on Thursday, October 13th. Finally, Raymond James Financial Inc. downgraded shares of Trican Well Service from a “strong-buy” rating to a “market perform” rating and boosted their price objective for the company from C$3.30 to C$3.60 in a research report on Friday, October 7th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Trican Well Service presently has a consensus rating of “Hold” and an average price target of C$2.94.

Analyst Recommendations for Trican Well Service (TSE:TCW)

Trican Well Service (TSE:TCW) traded down 1.25% during midday trading on Tuesday, hitting $3.15. 1,028,124 shares of the stock were exchanged. Trican Well Service has a 52 week low of $0.34 and a 52 week high of $3.37. The stock’s market cap is $608.07 million. The firm’s 50-day moving average is $2.55 and its 200 day moving average is $2.08.

Trican Well Service Company Profile

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.

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