Trican Well Service Ltd. (TSE:TCW) was upgraded by research analysts at Pi Financial from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, StockTargetPrices.com reports.

A number of other brokerages also recently issued reports on TCW. Canaccord Genuity reduced their price objective on Trican Well Service from C$1.25 to C$1.00 and set a “hold” rating for the company in a research note on Monday, November 16th. Raymond James upgraded Trican Well Service from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 13th. Paradigm Capital reduced their price objective 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. TD Securities reduced their price objective on Trican Well Service from C$1.50 to C$1.00 and set a “hold” rating for the company in a research note on Monday, November 16th. Finally, National Bank Financial upped their price objective on Trican Well Service from C$2.00 to C$2.70 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$2.54.

Shares of Trican Well Service (TSE:TCW) traded up 6.52% on Wednesday, reaching $1.47. The company’s stock had a trading volume of 3,016,631 shares. The stock’s market cap is $218.91 million. Trican Well Service has a 12 month low of $0.34 and a 12 month high of $5.75. The firm’s 50-day moving average price is $0.60 and its 200-day moving average price is $1.27.

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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