Trican Well Service Ltd. (OTCMKTS:TOLWF – Get Rating) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.67 and traded as low as $2.36. Trican Well Service shares last traded at $2.36, with a volume of 51,165 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on TOLWF shares. BMO Capital Markets increased their price target on Trican Well Service from C$5.25 to C$5.50 in a research note on Wednesday, July 27th. Canaccord Genuity Group lowered their price objective on Trican Well Service from C$6.00 to C$5.25 in a research report on Friday, August 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4.71.
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The stock has a 50-day moving average price of $2.67 and a 200-day moving average price of $2.97.
About Trican Well Service
(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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