Trican Well Service Ltd Declines Again; Strong Momentum for Sellers

 Trican Well Service Ltd Declines Again; Strong Momentum for Sellers

The stock of Trican Well Service Ltd (TSE:TCW) is a huge mover today! About 977,514 shares traded hands. Trican Well Service Ltd (TSE:TCW) has risen 151.08% since April 12, 2016 and is uptrending. It has outperformed by 146.39% the S&P500.
The move comes after 8 months negative chart setup for the $666.38 million company. It was reported on Nov, 16 by Barchart.com. We have $3.15 PT which if reached, will make TSE:TCW worth $39.98M less.

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 -23.88% below today’s ($3.35) stock price. Trican Well Service Ltd. has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Raymond James given on Thursday, January 14. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 31 report. RBC Capital Markets downgraded it to “Sector Perform” rating and $1 target price in Monday, October 5 report. As per Wednesday, January 27, the company rating was upgraded by PI Financial. The stock of Trican Well Service Ltd (TSE:TCW) earned “Hold” rating by TD Securities on Monday, August 17. The stock has “Strong Buy” rating given by Raymond James on Wednesday, January 27. IBC downgraded the stock to “Sector Underperformer” rating in Wednesday, September 23 report. On Wednesday, January 13 the stock rating was upgraded by IBC to “Sector Performer”. Canaccord Genuity upgraded it to “Speculative Buy” rating and $1.60 target price in Monday, September 28 report. PI Financial downgraded Trican Well Service Ltd (TSE:TCW) on Friday, October 7 to “Neutral” rating.

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 $666.38 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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