Trican Well Service (TSE:TCW) PT Raised to C$6.50 at Stifel Nicolaus

Trican Well Service (TSE:TCW) had its price target lifted by stock analysts at Stifel Nicolaus from C$6.00 to C$6.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 36.55% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. TD Securities upped their price objective on shares of Trican Well Service from C$4.50 to C$6.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Raymond James upped their price target on Trican Well Service from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Royal Bank of Canada decreased their price target on Trican Well Service from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Tuesday, May 23rd.

Trican Well Service Trading Down 1.4 %

TSE TCW opened at C$4.76 on Thursday. The stock has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.22 and a beta of 2.08. Trican Well Service has a one year low of C$2.66 and a one year high of C$5.33. The company has a debt-to-equity ratio of 3.02, a current ratio of 2.32 and a quick ratio of 1.75. The business’s fifty day moving average is C$4.45 and its 200-day moving average is C$3.64.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, August 1st. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.03. The company had revenue of C$168.23 million for the quarter, compared to analysts’ expectations of C$173.10 million. Trican Well Service had a return on equity of 24.63% and a net margin of 12.53%. Equities research analysts predict that Trican Well Service will post 0.8938053 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer James Charles Rukin sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of C$4.60, for a total value of C$115,000.00. 0.54% of the stock is owned by company insiders.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.