Is Trican Well Service Ltd a Sell? The Stock Declines Again

 Is Trican Well Service Ltd a Sell? The Stock Declines Again

The stock of Trican Well Service Ltd (TSE:TCW) is a huge mover today! About 550,522 shares traded hands. Trican Well Service Ltd (TSE:TCW) has risen 159.13% since March 24, 2016 and is uptrending. It has outperformed by 155.66% the S&P500.
The move comes after 9 months negative chart setup for the $550.78 million company. It was reported on Oct, 31 by We have $2.68 PT which if reached, will make TSE:TCW worth $38.55 million less.

Trican Well Service Ltd (TSE:TCW) Ratings Coverage

Out of 9 analysts covering Trican Well Service Ltd. (TSE:TCW), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. Trican Well Service Ltd. has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Sector Performer” rating given by IBC on Wednesday, January 13. On Monday, October 5 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The firm earned “Strong Buy” rating on Wednesday, January 27 by Raymond James. On Monday, August 17 the stock rating was downgraded by BMO Capital Markets to “Underperform”. The company was upgraded on Wednesday, August 19 by Paradigm Research. The rating was downgraded by PI Financial on Friday, October 7 to “Neutral”. Cowen & Co downgraded the stock to “Market Perform” rating in Monday, September 28 report. The firm has “Buy” rating given on Wednesday, January 27 by TD Securities. FirstEnergy Capital upgraded the shares of TCW in a report on Wednesday, January 27 to “Outperform” rating. The stock of Trican Well Service Ltd (TSE:TCW) earned “Outperform” rating by Raymond James on Thursday, January 14.

More recent Trican Well Service Ltd (TSE:TCW) news were published by: which released: “Trican Well Service Ltd. Reports Second Quarter Results for 2016” on August 12, 2016. Also published the news titled: “Trican Well Service Announces Closing of $69 Million Bought Deal Financing and …” on June 21, 2016.‘s news article titled: “Trican Well Service Announces $40 Million Bought Deal Financing and Amended …” with publication date: June 01, 2016 was also an interesting one.

Trican Well Service Ltd. is a Canada oilfield services company. The company has a market cap of $550.78 million. The Firm provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of gas and oil wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited activities in Saudi Arabia and Colombia. It currently has negative earnings. The Firm operates through three divisions: Canada, the United States and International.

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