TD Securities Upgrades Trican Well Service (TSE:TCW) to “Strong-Buy”

Trican Well Service (TSE:TCW) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

TCW has been the subject of a number of other reports. ATB Cormark Capital Markets upped their price target on shares of Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. Raymond James Financial reduced their price objective on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$7.71.

Trican Well Service Stock Up 0.2%

Shares of TSE:TCW opened at C$5.90 on Thursday. The stock has a 50-day simple moving average of C$6.96 and a 200-day simple moving average of C$7.00. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 13.72, a PEG ratio of 0.22 and a beta of -0.41. Trican Well Service has a 1 year low of C$5.19 and a 1 year high of C$8.40. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.75 and a current ratio of 1.77.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%. The business had revenue of C$214.60 million for the quarter.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.