Trican Well Service (TCW) PT Lowered to C$2.50

Trican Well Service (TSE:TCW) had its target price trimmed by CIBC from C$3.15 to C$2.50 in a research note published on Friday morning.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets lowered their price objective on shares of Trican Well Service from C$3.50 to C$2.00 and set a hold rating on the stock in a report on Friday. Canaccord Genuity downgraded shares of Trican Well Service from a buy rating to a hold rating and lowered their target price for the company from C$3.25 to C$2.50 in a report on Tuesday, October 16th. Evercore downgraded shares of Trican Well Service from an outperform rating to an in-line rating and lowered their target price for the company from C$4.00 to C$3.00 in a report on Tuesday, October 16th. JPMorgan Chase & Co. downgraded shares of Trican Well Service from a neutral rating to an underweight rating in a report on Thursday, October 18th. Finally, Evercore ISI downgraded shares of Trican Well Service from an outperform rating to an in-line rating and lowered their target price for the company from C$4.00 to C$3.00 in a report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$3.40.

TCW traded down C$0.07 during trading on Friday, hitting C$1.52. 5,487,100 shares of the company’s stock were exchanged, compared to its average volume of 2,865,502. The company has a debt-to-equity ratio of 6.74, a quick ratio of 2.02 and a current ratio of 2.64. Trican Well Service has a fifty-two week low of C$1.45 and a fifty-two week high of C$5.04.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Thursday, November 8th. The company reported C($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.06). The business had revenue of C$253.74 million for the quarter, compared to analysts’ expectations of C$257.97 million. Equities analysts forecast that Trican Well Service will post 0.0599999954716985 earnings per share for the current year.

In other news, insider Shaun Patrick Kelly bought 20,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was bought at an average price of C$2.75 per share, for a total transaction of C$55,000.00.

Trican Well Service Company Profile

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.

Recommended Story: Analyst Ratings

Analyst Recommendations for Trican Well Service (TSE:TCW)

Receive News & Ratings for Trican Well Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply