Trican Well Service Ltd (TSE:TCW) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.08 and last traded at C$3.12, with a volume of 2479855 shares changing hands. The stock had previously closed at C$3.27.

A number of brokerages have recently issued reports on TCW. Canaccord Genuity lifted their price target on Trican Well Service from C$6.00 to C$7.25 in a report on Friday, November 3rd. BMO Capital Markets lifted their price target on Trican Well Service from C$4.50 to C$7.00 in a report on Friday, November 3rd. JPMorgan Chase & Co. lifted their price target on Trican Well Service from C$5.00 to C$6.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. National Bank Financial lifted their price target on Trican Well Service from C$6.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, TD Securities downgraded Trican Well Service from a “buy” rating to a “hold” rating and cut their price target for the company from C$6.00 to C$5.50 in a report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$6.48.

The company has a market cap of $1,060.00, a P/E ratio of 15.60 and a beta of -0.58.

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Trican Well Service Company Profile

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of 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, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.

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