Trican Well Service Ltd. (TSE:TCW) had its price objective hoisted by equities research analysts at CIBC from C$1.50 to C$2.00 in a research note issued to investors on Wednesday, StockTargetPrices.com reports. CIBC’s price objective suggests a potential upside of 44.93% from the stock’s previous close.

Several other equities research analysts have also commented on TCW. Canaccord Genuity upped their price objective on Trican Well Service from C$0.55 to C$1.65 and gave the stock a “hold” rating in a research note on Wednesday. National Bank Financial reiterated an “outperform” rating and issued a C$2.00 price target on shares of Trican Well Service in a research note on Thursday, January 14th. Paradigm Capital cut their price target on Trican Well Service from C$1.75 to C$1.25 and set a “buy” rating for the company in a research note on Monday, November 16th. Pi Financial lowered Trican Well Service from a “neutral” rating to a “sell” rating in a research note on Thursday, January 14th. Finally, Raymond James upgraded Trican Well Service from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Trican Well Service has an average rating of “Hold” and a consensus price target of C$2.54.

Shares of Trican Well Service (TSE:TCW) traded up 6.52% during trading on Wednesday, hitting $1.47. The stock had a trading volume of 3,016,631 shares. The firm’s market capitalization is $218.91 million. The stock’s 50-day moving average price is $0.60 and its 200 day moving average price is $1.27. Trican Well Service has a 1-year low of $0.34 and a 1-year high of $5.75.

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States and International operations, made up of Russia, Kazakhstan, Australia, Colombia, Saudi Arabia and Norway. The Company has three operating divisions: Canada, the United States and International. The Canadian operations provides cementing, fracturing, coiled tubing, nitrogen, geological, acidizing, reservoir management, industrial cleaning and pipeline, and completion systems and downhole tool services. The United States operations provides cementing, fracturing, coiled tubing, nitrogen, acidizing and completion systems and downhole tool services. The International operations provides cementing, fracturing, coiled tubing, acidizing, nitrogen, and completion systems and downhole tool services.

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