In a latest note to investors, a research analyst has provided a rating update for the Trican Well Service (TCW). Analyst Jon Morrison from CIBC rated Trican Well Service (TCW) a Buy yesterday, setting a C$1.75 price target.
According to TipRanks.com, Morrison is ranked 0 out of 5 stars with an average return of -17.3% and a 34.1% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Imperial Oil Limited, and Cenovus Energy Inc.
Trican Well Service has an analyst consensus of Moderate Buy, with a price target consensus of C$2.08.
The company has a one-year high of C$3.88 and a one-year low of C$0.96. Currently, Trican Well Service has an average volume of 2.75M.
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 Friday at C$1.35, close to its 52-week low of C$0.96.
