Trican Well Service Ltd (TCW) Price Target Raised to C$6.00

Trican Well Service Ltd (TSE:TCW) had its target price boosted by J P Morgan Chase & Co from C$5.00 to C$6.00 in a research note published on Friday morning. They currently have a neutral rating on the stock.

A number of other research firms have also recently weighed in on TCW. National Bank Financial lifted their price objective on Trican Well Service from C$6.00 to C$7.50 and gave the company an outperform rating in a research report on Thursday. Canaccord Genuity lowered their price target on Trican Well Service from C$6.00 to C$4.50 in a report on Tuesday, July 11th. GMP Securities boosted their price target on Trican Well Service from C$5.00 to C$7.00 in a report on Wednesday, September 20th. Finally, CIBC lowered their price target on Trican Well Service from C$6.75 to C$5.25 in a report on Thursday, July 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$6.40.

Trican Well Service (TSE TCW) opened at C$5.23 on Friday.

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In other news, insider Etienne Poulin sold 9,867 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of C$4.18, for a total transaction of C$41,244.06. Also, insider David R. Jones sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total value of C$229,500.00.

About Trican Well Service

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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