Primecap Management Company Upped Merck & Company (MRK) Stake; Trican Well Service Ltd. (TSE:TCW) Covered By 7 Bulls

February 25, 2018 - By Clifton Ray

Primecap Management Company increased Merck & Company (MRK) stake by 6.16% reported in 2017Q3 SEC filing. Primecap Management Company acquired 314,800 shares as Merck & Company (MRK)’s stock declined 2.46%. The Primecap Management Company holds 5.43 million shares with $347.45M value, up from 5.11M last quarter. Merck & Company now has $149.49B valuation. The stock increased 0.55% or $0.3 during the last trading session, reaching $54.87. About 9.06 million shares traded. Merck & Co., Inc. (NYSE:MRK) has risen 16.86% since February 25, 2017 and is uptrending. It has outperformed by 0.16% the S&P500.

Among 8 analysts covering Trican Well Service Ltd. (TSE:TCW), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Trican Well Service Ltd. had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 27 by PI Financial. Raymond James downgraded Trican Well Service Ltd. (TSE:TCW) rating on Friday, October 7. Raymond James has “Market Perform” rating and $3.60 target. The firm has “Speculative Buy” rating given on Monday, September 28 by Canaccord Genuity. RBC Capital Markets maintained it with “Outperform” rating and $5 target in Monday, October 31 report. GMP Securities upgraded the stock to “Buy” rating in Thursday, December 8 report. The firm has “Sector Underperformer” rating given on Wednesday, September 23 by IBC. Canaccord Genuity downgraded Trican Well Service Ltd. (TSE:TCW) on Thursday, October 15 to “Hold” rating. The company was upgraded on Wednesday, January 27 by TD Securities. The company was maintained on Friday, November 13 by Scotia Capital. The firm has “Strong Buy” rating by Raymond James given on Wednesday, January 27. See Trican Well Service Ltd. (TSE:TCW) latest ratings:

20/10/2017 Broker: IBC Rating: Old Target: $5.75 New Target: $6.25 Target Up

Trican Well Service Ltd., an oilfield services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of gas and oil wells primarily in Canada. The company has market cap of $1.06 billion. It offers cementing services, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and geological services, such as laboratory and field services, as well as education and studies. It has a 62.4 P/E ratio. The firm also provides reservoir solutions, which include exploration, production analysis, and simulation and modeling services; acidizing and production enhancement services, such as production and injection well enhancement services; and coiled tubing solutions that include coiled tubing fracturing, specially designed tools, well cleanouts, milling, high pressure jetting, e-coil , nitrogen gas lifting, and production enhancement.

The stock decreased 0.95% or $0.03 during the last trading session, reaching $3.12. About 4.16M shares traded or 55.01% up from the average. Trican Well Service Ltd. (TSE:TCW) has 0.00% since February 25, 2017 and is . It has underperformed by 16.70% the S&P500.

Primecap Management Company decreased Constellium N.V. (NYSE:CSTM) stake by 167,600 shares to 1.24 million valued at $12.74 million in 2017Q3. It also reduced Exact Sciences Corp (NASDAQ:EXAS) stake by 364,600 shares and now owns 4.14 million shares. Abaxis (NASDAQ:ABAX) was reduced too.

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