Trican Well Service (OTCMKTS:TOLWF) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Trican Well Service Ltd. (OTCMKTS:TOLWF) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.70 and traded as high as $4.9494. Trican Well Service shares last traded at $4.7690, with a volume of 51,160 shares.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reaffirmed a “market perform” rating on shares of Trican Well Service in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Trican Well Service currently has a consensus rating of “Moderate Buy”.

Trican Well Service Stock Down 6.1%

The business’s 50 day moving average price is $4.70 and its 200 day moving average price is $4.37.

Trican Well Service Company Profile

Trican Well Service Ltd. is a Canada-based oilfield services company specializing in well completion and intervention solutions for the global energy sector. The company’s core offerings include hydraulic fracturing (fracing), coiled tubing, cementing, acidizing, nitrogen services and well stimulation technologies. Trican’s hydraulic fracturing operations are supported by a fleet of high-pressure pumping equipment designed to meet the demands of unconventional resource plays.

In addition to its pressure-pumping capabilities, Trican provides coiled tubing services for well cleanouts, stimulations and underbalanced operations, as well as cementing services that ensure zonal isolation and well integrity.