In a report issued on July 28, Keith Mackey from RBC Capital maintained a Hold rating on Trican Well Service (TOLWF – Research Report), with a price target of C$3.50. The company’s shares closed last Friday at $2.10, close to its 52-week high of $2.29.
According to TipRanks.com, Mackey is ranked #1886 out of 7614 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trican Well Service with a $2.73 average price target, which is a 27.6% upside from current levels. In a report issued on July 29, TD Securities also maintained a Hold rating on the stock with a C$3.00 price target.
The company has a one-year high of $2.29 and a one-year low of $0.68. Currently, Trican Well Service has an average volume of 15.96K.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TOLWF in relation to earlier this year.
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Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.