In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Trican Well Service (TCW). Analyst Michael Mazar from BMO Capital reiterated a Hold rating, with a C$2 price target yesterday.
According to TipRanks.com, Mazar is ranked #2125 out of 4912 analysts.
Trican Well Service has an analyst consensus of Moderate Buy, with a price target consensus of C$2.98, representing an 87.4% upside. In a report issued on November 2, Scotiabank also reiterated a Hold rating on the stock with a C$3 price target.
Trican Well Service’s market cap is currently C$519.2M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.48.
Trican Well Service Ltd. engages in the provision of products, equipment, and services used during the exploration and development of oil and natural gas reserves. It services include acidizing and production enhancement, carbon dioxide, cementing, coiled tubing, fracturing, geological, completion systems and downhole tool services, nitrogen and industrial services. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.
The company’s shares closed on Thursday at C$1.59, close to its 52-week low of C$1.54.