Raymond James Thinks Trican Well Service’s Stock is Going to Recover

Today, an analyst has provided a rating update for Trican Well Service (TCW). Analyst Andrew Bradford from Raymond James rated Trican Well Service (TCW) a Buy, setting a C$3 price target.

According to TipRanks.com, Bradford has 0 stars on 0-5 star ranking scale with an average return of -17.5% and a 24.2% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.

The word on The Street in general, suggests a Hold analyst consensus rating for Trican Well Service with a C$2.11 average price target.

Trican Well Service’s market cap is currently C$413.3M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.40.

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 Tuesday at C$1.22, close to its 52-week low of C$1.20.