Trican Well Service (TSE:TCW) Upgraded at BMO Capital Markets

Trican Well Service (TSE:TCW – Get Free Report) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a C$9.00 price target on the stock, up from their previous price target of C$7.00. BMO Capital Markets’ price objective would suggest a potential upside of 17.80% from the stock’s previous close.

A number of other equities analysts have also weighed in on TCW. Royal Bank Of Canada lowered shares of Trican Well Service from a “moderate buy” rating to a “hold” rating and set a C$7.50 price objective for the company. in a report on Tuesday, April 14th. National Bank Financial boosted their price objective on shares of Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Trican Well Service has a consensus rating of “Hold” and an average price target of C$7.25.

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Trican Well Service Stock Up 6.6%

Trican Well Service stock traded up C$0.47 during trading hours on Tuesday, hitting C$7.64. 905,925 shares of the stock traded hands, compared to its average volume of 728,302. The firm’s 50-day moving average price is C$7.04 and its two-hundred day moving average price is C$6.46. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28. The company has a market cap of C$1.61 billion, a PE ratio of 13.40, a PEG ratio of 0.22 and a beta of -0.27. Trican Well Service has a one year low of C$4.22 and a one year high of C$7.94.

Trican Well Service (TSE:TCW – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.The business had revenue of C$330.27 million for the quarter.

Trican Well Service Company Profile

(Get Free Report)

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.

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