Insider Selling: Trican Well Service Ltd (TCW) Insider Sells C$229,500.00 in Stock

Trican Well Service Ltd (TSE:TCW) insider David R. Jones sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of C$4.59, for a total transaction of C$229,500.00.

Trican Well Service Ltd (TSE TCW) opened at 4.60 on Monday. The company’s 50-day moving average is $3.96 and its 200 day moving average is $3.86. Trican Well Service Ltd has a 52 week low of $2.72 and a 52 week high of $5.59. The stock’s market cap is $1.59 billion.

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A number of research analysts recently weighed in on TCW shares. J P Morgan Chase & Co raised their price target on shares of Trican Well Service from C$5.00 to C$6.00 in a research report on Monday, August 14th. CIBC dropped their price target on shares of Trican Well Service from C$6.75 to C$5.25 in a research report on Thursday, July 20th. Canaccord Genuity dropped their price target on shares of Trican Well Service from C$6.00 to C$4.50 in a research report on Tuesday, July 11th. GMP Securities lifted their price objective on shares of Trican Well Service from C$5.00 to C$7.00 in a research report on Wednesday, September 20th. Finally, National Bank Financial lifted their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 5th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$5.88.

About Trican Well Service

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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