Will Trican Well Service Ltd Run Out of Steam Soon?

 Will Trican Well Service Ltd Run Out of Steam Soon?

The stock of Trican Well Service Ltd (TSE:TCW) hit a new 52-week high and has $5.16 target or 56.00% above today’s $3.31 share price. The 9 months bullish chart indicates low risk for the $645.67M company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $5.16 price target is reached, the company will be worth $361.58M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.19M shares traded hands. Trican Well Service Ltd (TSE:TCW) has risen 155.65% since April 8, 2016 and is uptrending. It has outperformed by 150.66% the S&P500.

Trican Well Service Ltd (TSE:TCW) Ratings Coverage

Out of 9 analysts covering Trican Well Service Ltd. (TSE:TCW), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. $5.5 is the highest target while $0.55 is the lowest. The $2.55 average target is -22.96% below today’s ($3.31) stock price. Trican Well Service Ltd. has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by BMO Capital Markets on Monday, August 17. The rating was maintained by TD Securities on Monday, August 17 with “Hold”. The firm has “Sector Perform” rating given on Monday, October 5 by RBC Capital Markets. The stock has “Sector Perform” rating given by Scotia Capital on Friday, November 13. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 31. The stock of Trican Well Service Ltd (TSE:TCW) earned “Buy” rating by Paradigm Research on Wednesday, August 19. PI Financial upgraded the shares of TCW in a report on Wednesday, January 27 to “Buy” rating. The firm earned “Neutral” rating on Friday, October 7 by PI Financial. The firm has “Sector Performer” rating by IBC given on Wednesday, January 13. The rating was upgraded by Raymond James on Wednesday, January 27 to “Strong Buy”.

More recent Trican Well Service Ltd (TSE:TCW) news were published by: Seekingalpha.com which released: “Trican Well Service’s (TOLWF) CEO Dale Dusterhoft on Q3 2016 Results …” on November 10, 2016. Also Marketwired.com published the news titled: “Trican Well Service Ltd. Reports Second Quarter Results for 2016” on August 12, 2016. Marketwired.com‘s news article titled: “Trican Well Service Announces Closing of $69 Million Bought Deal Financing and …” with publication date: June 21, 2016 was also an interesting one.

Trican Well Service Ltd. is a Canada oilfield services company. The company has a market cap of $645.67 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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