TD Securities upgraded shares of Trican Well Service Ltd. (TSE:TCW) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Marketbeat reports. TD Securities currently has C$2.00 price target on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank reduced their target price on shares of Trican Well Service from C$2.00 to C$1.50 in a report on Friday, October 9th. Canaccord Genuity reduced their price objective on shares of Trican Well Service from C$1.00 to C$0.80 in a research note on Monday, December 7th. Paradigm Capital reduced their price objective on shares of 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 raised shares of Trican Well Service from a neutral rating to a buy rating and increased their price objective for the stock from C$1.00 to C$2.50 in a research note on Wednesday, January 27th. Finally, Raymond James raised shares of Trican Well Service from an underperform rating to a market perform rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$2.62.

Trican Well Service (TSE:TCW) opened at 1.69 on Wednesday. Trican Well Service has a 12 month low of $0.34 and a 12 month high of $5.75. The company has a 50-day moving average of $0.69 and a 200-day moving average of $1.26. The stock’s market cap is $251.67 million.

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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