Trican Well Service (TSE:TCW) PT Lowered to C$5.00

Trican Well Service (TSE:TCWGet Free Report) had its price target decreased by investment analysts at BMO Capital Markets from C$6.00 to C$5.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 20.48% from the company’s previous close.

Several other research analysts have also commented on TCW. ATB Capital set a C$6.00 price objective on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 22nd. Raymond James set a C$4.50 target price on Trican Well Service and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Stifel Nicolaus cut their target price on Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Wednesday, January 10th. Finally, TD Securities cut their target price on Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating for the company in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.46.

Read Our Latest Research Report on Trican Well Service

Trican Well Service Price Performance

TCW stock opened at C$4.15 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.06 and a debt-to-equity ratio of 3.51. The firm has a market capitalization of C$864.28 million, a PE ratio of 7.55, a PEG ratio of 0.22 and a beta of 1.85. Trican Well Service has a twelve month low of C$2.91 and a twelve month high of C$5.33. The stock has a 50-day simple moving average of C$4.17 and a two-hundred day simple moving average of C$4.30.

Trican Well Service (TSE:TCWGet Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C$0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.14. The business had revenue of C$254.92 million during the quarter, compared to analyst estimates of C$244.57 million. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. On average, equities analysts predict that Trican Well Service will post 0.4897467 EPS for the current fiscal year.

Trican Well Service Company Profile

(Get Free Report)

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 primarily 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.

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Analyst Recommendations for Trican Well Service (TSE:TCW)

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