Trican Well Service (TCW) Stock Forecast & Price Target

C$4.61

+0.06 (+1.32%)

(As of 09/16/2024 ET)

Trican Well Service - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Trican Well Service in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for TCW.

Consensus Price Target

C$5.91
28.12% Upside

High Forecast	C$6.75
Average Forecast	C$5.91
Low Forecast	C$5.00

According to the 6 analysts' twelve-month price targets for Trican Well Service, the average price target is C$5.91. The highest price target for TCW is C$6.75, while the lowest price target for TCW is C$5.00. The average price target represents a forecasted upside of 28.12% from the current price of C$4.61.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$5.91	C$5.91	C$5.46	C$5.64
Forecasted Upside	28.12% Upside	25.53% Upside	32.64% Upside	40.65% Upside

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TCW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TCW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Trican Well Service Stock vs. The Competition

Type	Trican Well Service	Energy Companies
Consensus Rating Score	2.67	2.75
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/1/2024	Royal Bank of Canada 4 of 5 stars	Boost Target	Outperform	C$5.50 ➝ C$6.00	+17.88%
8/1/2024	Raymond James 4 of 5 stars	Boost Target	Market Perform	C$4.50 ➝ C$5.00	-1.77%
7/31/2024	TD Securities 4 of 5 stars	Boost Target	Hold	C$4.50 ➝ C$5.00	-0.40%
7/31/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$5.50 ➝ C$6.00	+19.52%
7/29/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$6.00 ➝ C$6.50	+33.20%
1/10/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$6.50 ➝ C$6.00	+47.42%
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12/22/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Outperform	C$6.00	+45.28%
11/21/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		C$6.75	+62.65%
3/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$5.50 ➝ C$4.00	+32.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:54 PM ET.

TCW Forecast - Frequently Asked Questions

What is Trican Well Service's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Trican Well Service is C$5.91, with a high forecast of C$6.75 and a low forecast of C$5.00.
Should I buy or sell Trican Well Service stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trican Well Service in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TCW shares.
Does Trican Well Service's stock price have much upside?: According to analysts, Trican Well Service's stock has a predicted upside of 25.53% based on their 12-month stock forecasts.
What analysts cover Trican Well Service?: Trican Well Service has been rated by research analysts at BMO Capital Markets, Cormark, Raymond James, Royal Bank of Canada, and TD Securities in the past 90 days.
Do Wall Street analysts like Trican Well Service more than its competitors?: Analysts like Trican Well Service less than other "energy" companies. The consensus rating score for Trican Well Service is 2.67 while the average consensus rating score for "energy" companies is 2.75. Learn more on how TCW compares to other companies.