The stock of Trican Well Service Ltd (TSE:TCW) hit a new 52-week high and has $4.08 target or 6.00% above today’s $3.85 share price. The 7 months bullish chart indicates low risk for the $842.39M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $4.08 price target is reached, the company will be worth $50.54 million 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 554,966 shares traded hands. Trican Well Service Ltd (TSE:TCW) has risen 102.75% since April 27, 2016 and is uptrending. It has outperformed by 96.82% 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 -33.77% below today’s ($3.85) stock price. Trican Well Service Ltd. has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Trican Well Service Ltd (TSE:TCW) has “Buy” rating given on Wednesday, January 27 by PI Financial. The rating was downgraded by PI Financial on Thursday, January 14 to “Sell”. On Thursday, January 14 the stock rating was upgraded by Raymond James to “Outperform”. The stock of Trican Well Service Ltd (TSE:TCW) earned “Market Perform” rating by Raymond James on Friday, October 7. The firm has “Speculative Buy” rating given on Monday, September 28 by Canaccord Genuity. Paradigm Research upgraded the shares of TCW in a report on Wednesday, August 19 to “Buy” rating. The firm has “Sector Perform” rating given on Tuesday, July 21 by Scotia Capital. BMO Capital Markets downgraded it to “Underperform” rating and $2 target price in Monday, August 17 report. The rating was maintained by Scotia Capital on Friday, November 13 with “Sector Perform”. TD Securities maintained Trican Well Service Ltd (TSE:TCW) on Monday, August 17 with “Hold” rating.
Trican Well Service Ltd. is a Canada oilfield services company. The company has a market cap of $842.39 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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