In a report released on May 19, Keith Mackey from RBC Capital maintained a Buy rating on Trican Well Service (TOLWF – Research Report), with a price target of C$5.50. The company’s shares closed last Friday at $2.36.
Mackey covers the Industrial Goods sector, focusing on stocks such as Trican Well Service, Baker Hughes Company, and Halliburton. According to TipRanks, Mackey has an average return of 19.6% and a 54.95% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trican Well Service with a $4.22 average price target, representing a 78.81% upside. In a report released on May 11, BMO Capital also assigned a Buy rating to the stock with a $4.50 price target.
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The company has a one-year high of $3.86 and a one-year low of $1.92. Currently, Trican Well Service has an average volume of 49.58K.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TOLWF in relation to earlier this year.
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Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.
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