What’s Next for Trican Well Service Ltd After Today’s Huge Increase?

 What's Next for Trican Well Service Ltd After Today's Huge Increase?

The stock of Trican Well Service Ltd (TSE:TCW) is a huge mover today! About 815,849 shares traded hands. Trican Well Service Ltd (TSE:TCW) has risen 90.64% since April 26, 2016 and is uptrending. It has outperformed by 85.42% the S&P500.
The move comes after 9 months positive chart setup for the $677.77 million company. It was reported on Nov, 30 by Barchart.com. We have $3.67 PT which if reached, will make TSE:TCW worth $20.33 million more.

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 -28.37% below today’s ($3.56) stock price. Trican Well Service Ltd. has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. PI Financial downgraded the shares of TCW in a report on Thursday, January 14 to “Sell” rating. The firm earned “Outperform” rating on Thursday, January 14 by National Bank Canada. RBC Capital Markets maintained Trican Well Service Ltd (TSE:TCW) rating on Monday, October 31. RBC Capital Markets has “Outperform” rating and $5 price target. The rating was downgraded by Cowen & Co on Monday, September 28 to “Market Perform”. The firm has “Speculative Buy” rating given on Monday, September 28 by Canaccord Genuity. As per Wednesday, August 19, the company rating was upgraded by Paradigm Research. The firm has “Buy” rating given on Wednesday, January 27 by PI Financial. The stock of Trican Well Service Ltd (TSE:TCW) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 5. IBC downgraded the stock to “Sector Underperformer” rating in Wednesday, September 23 report. The stock has “Market Perform” rating given by Raymond James on Tuesday, September 29.

More news for Trican Well Service Ltd (TSE:TCW) were recently published by: Marketwired.com, which released: “Trican Well Service Ltd. Reports Second Quarter Results for 2016” on August 12, 2016. Marketwired.com‘s article titled: “Trican Well Service Announces Closing of $69 Million Bought Deal Financing and …” and published on June 21, 2016 is yet another important article.

Trican Well Service Ltd. is a Canada oilfield services company. The company has a market cap of $677.77 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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