Trican Well Service (TSE:TCW) Stock Price Expected to Rise, National Bank Financial Analyst Says

Trican Well Service (TSE:TCW) had its target price boosted by analysts at National Bank Financial from C$6.50 to C$8.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 22.70% from the company’s previous close.

Several other analysts have also commented on TCW. Raymond James Financial lowered Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. TD Securities decreased their price target on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Finally, ATB Cormark Capital Markets set a C$7.00 price target on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trican Well Service has an average rating of “Moderate Buy” and an average price target of C$6.75.

Trican Well Service Stock Performance

TCW stock opened at C$6.52 on Friday. Trican Well Service has a one year low of C$3.69 and a one year high of C$7.34. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.22 and a beta of 0.31. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a 50-day simple moving average of C$6.43 and a two-hundred day simple moving average of C$6.03.

Trican Well Service (TSE:TCW) last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. The firm had revenue of C$322.73 million for the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%.

Trican Well Service Company Profile

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.