Shares of Trican Well Service Ltd (TSE:TCW) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$5.28.
A number of analysts recently issued reports on TCW shares. Canaccord Genuity dropped their price objective on Trican Well Service from C$4.75 to C$4.50 in a report on Tuesday, July 10th. BMO Capital Markets dropped their price objective on Trican Well Service from C$4.00 to C$3.50 in a report on Thursday, August 2nd.
In related news, insider Shaun Patrick Kelly acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average price of C$2.75 per share, with a total value of C$55,000.00.
Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Wednesday, August 1st. The company reported C($0.10) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.02). The firm had revenue of C$171.99 million for the quarter, compared to the consensus estimate of C$172.68 million. Trican Well Service had a return on equity of 4.77% and a net margin of 4.99%.
About Trican Well Service
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 oil and gas wells primarily in Canada. It offers cementing solutions, 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 cement pumpers, bulk equipment, and cement auxiliary equipment.
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