Shares of Trican Well Service Ltd. (OTCMKTS:TOLWF – Get Rating) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.99 and traded as low as $2.71. Trican Well Service shares last traded at $2.75, with a volume of 8,435 shares traded.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on TOLWF shares. National Bank Financial raised shares of Trican Well Service from a "sector perform" rating to an "outperform" rating in a research report on Sunday, April 24th. Royal Bank of Canada raised their target price on shares of Trican Well Service from C$5.50 to C$6.00 in a research report on Monday, May 16th. Canaccord Genuity Group raised their target price on shares of Trican Well Service from C$4.50 to C$5.50 in a research report on Friday, April 22nd. TD Securities raised their target price on shares of Trican Well Service from C$3.75 to C$4.25 in a research report on Thursday, May 12th. Finally, BMO Capital Markets raised their target price on shares of Trican Well Service from C$5.25 to C$5.50 in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Trican Well Service has a consensus rating of "Moderate Buy" and an average target price of $4.74.
Get Trican Well Service alerts:Trican Well Service Price Performance
The business's 50-day moving average price is $2.99 and its 200 day moving average price is $2.97.
Trican Well Service Company Profile
(Get Rating)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 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; and cement pumpers, bulk equipment, and cement auxiliary equipment.
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