TD Securities Forecasts Strong Price Appreciation for Trican Well Service (TSE:TCW) Stock

Trican Well Service (TSE:TCW) had its price objective lifted by equities researchers at TD Securities from C$4.50 to C$5.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 5.49% from the company’s previous close.

TCW has been the topic of several other reports. ATB Capital lifted their target price on Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. BMO Capital Markets cut their price objective on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th.

Trican Well Service Trading Down 3.7 %

Shares of TSE TCW opened at C$4.74 on Thursday. Trican Well Service has a twelve month low of C$3.88 and a twelve month high of C$5.45. The stock has a market cap of C$894.52 million, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The company’s fifty day moving average is C$4.91 and its 200-day moving average is C$4.84.

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.