RBC Capital analyst Keith Mackey maintained a Buy rating on Trican Well Service (TOLWF – Research Report) on August 2 and set a price target of C$5.50. The company’s shares closed yesterday at $3.34.
According to TipRanks, Mackey is a top 100 analyst with an average return of 26.1% and a 68.35% success rate. Mackey covers the Energy sector, focusing on stocks such as Trican Well Service, Patterson-UTI, and Schlumberger.
Currently, the analyst consensus on Trican Well Service is a Strong Buy with an average price target of $4.25, representing a 27.25% upside. In a report released on August 3, TD Securities also maintained a Buy rating on the stock with a C$6.00 price target.
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TOLWF market cap is currently $705.6M and has a P/E ratio of 8.63.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is neutral on the stock.
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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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