Trican Well Service (TSX: TCW), the Materials sector company was revisited on July 13, and remains undervalued for at least one analyst on the street. Analyst Ian Gillies from GMP FirstEnergy remains bullish on the stock and has a C$4 price target.
According to TipRanks.com, Gillies is ranked #4359 out of 4843 analysts.
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Currently, the analyst consensus on Trican Well Service is a Strong Buy with an average price target of C$4.45, which is a 48.8% upside from current levels. In a report issued on July 10, Canaccord Genuity also reiterated a Buy rating on the stock with a C$4.50 price target.
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Trican Well Service’s market cap is currently C$989.2M and has a P/E ratio of 26.3. The company has a Price to Book ratio of 0.88.
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 Monday at C$2.99, close to its 52-week low of C$2.77.
