Trican Well Service Ltd. (TSE:TCW) has been assigned a C$3.50 price objective by investment analysts at Morgan Stanley in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 107.10% from the company’s current price.

Shares of Trican Well Service (TSE:TCW) opened at 1.69 on Thursday. The stock’s market capitalization is $251.67 million. The firm’s 50-day moving average is $0.69 and its 200 day moving average is $1.26. Trican Well Service has a 52-week low of $0.34 and a 52-week high of $5.75.

Other equities research analysts also recently issued research reports about the stock. Scotiabank cut their price objective on shares of Trican Well Service from C$2.00 to C$1.50 in a research report on Friday, October 9th. RBC Capital downgraded shares of Trican Well Service from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$3.00 to C$1.00 in a research report on Monday, October 5th. Canaccord Genuity cut their price objective on shares of Trican Well Service from C$1.00 to C$0.80 in a research report on Monday, December 7th. National Bank Financial cut their price objective on shares of Trican Well Service from C$3.25 to C$2.00 and set an “outperform” rating for the company in a research report on Tuesday, December 15th. Finally, CIBC raised shares of Trican Well Service from a “sector underperformer” rating to a “sector performer” rating and boosted their price objective for the company from C$0.75 to C$1.50 in a research report on Wednesday, January 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Trican Well Service presently has an average rating of “Buy” and a consensus target price of C$2.62.

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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