Trican Well Service (TCW) Stock Price Down 1.9%

Shares of Trican Well Service Ltd (TSE:TCW) fell 1.9% during trading on Friday . The company traded as low as C$4.19 and last traded at C$4.24. 953,321 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,541,804 shares. The stock had previously closed at C$4.32.

A number of research firms recently commented on TCW. Canaccord Genuity upped their price objective on shares of Trican Well Service from C$6.00 to C$7.25 in a research report on Friday, November 3rd. BMO Capital Markets upped their price objective on shares of Trican Well Service from C$4.50 to C$7.00 in a research report on Friday, November 3rd. CIBC lowered their price objective on shares of Trican Well Service from C$6.75 to C$6.25 in a research report on Tuesday, December 12th. TD Securities lowered their price objective on shares of Trican Well Service from C$5.50 to C$4.50 and set a “hold” rating for the company in a research report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$6.51.

The company has a market capitalization of $1,400.00, a P/E ratio of 20.30 and a beta of -0.49.

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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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