Shares of Trican Well Service Ltd. (OTCMKTS:TOLWF) have received an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3.69.
A number of equities research analysts recently issued reports on TOLWF shares. TD Securities lifted their target price on Trican Well Service from C$2.75 to C$3.00 and gave the company a “hold” rating in a research report on Thursday, July 29th. National Bank Financial upped their target price on Trican Well Service from C$3.25 to C$3.50 and gave the company a “sector perform” rating in a research report on Thursday, July 29th. BMO Capital Markets increased their price objective on Trican Well Service from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a research note on Tuesday, September 14th. Canaccord Genuity raised Trican Well Service from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, October 5th. Finally, Royal Bank of Canada raised Trican Well Service from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, September 8th.
Shares of TOLWF stock opened at $2.64 on Monday. The stock’s fifty day moving average is $2.15 and its 200-day moving average is $2.00. Trican Well Service has a 52 week low of $0.84 and a 52 week high of $2.65.
Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.
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