TD Securities Boosts Trican Well Service (TSE:TCW) Price Target to C$5.00

Trican Well Service (TSE:TCW) had its target price raised by analysts at TD Securities from C$4.50 to C$5.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 2.67% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. ATB Capital lifted their target price on shares of Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th.

Trican Well Service Trading Up 4.1 %

TSE:TCW traded up C$0.19 on Thursday, hitting C$4.87. The stock had a trading volume of 522,040 shares, compared to its average volume of 491,391. The company has a fifty day moving average price of C$4.92 and a two-hundred day moving average price of C$4.84. The stock has a market cap of C$919.05 million, a price-to-earnings ratio of 8.66, a PEG ratio of 0.22 and a beta of 1.73. Trican Well Service has a 1-year low of C$3.88 and a 1-year high of C$5.45. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.