TD Securities Issues Positive Forecast for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its target price lifted by TD Securities from C$4.50 to C$5.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 2.67% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. ATB Capital upped their price target on Trican Well Service from C$5.50 to C$6.00 in a research note on Tuesday, December 10th. BMO Capital Markets lowered their price objective on Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th.

Trican Well Service Stock Up 4.1 %

TCW stock traded up C$0.19 during trading on Thursday, reaching C$4.87. 522,040 shares of the stock were exchanged, compared to its average volume of 491,391. The firm’s 50 day moving average is C$4.92 and its 200 day moving average is C$4.84. Trican Well Service has a twelve month low of C$3.88 and a twelve month high of C$5.45. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The firm has a market cap of C$919.05 million, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

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.