Trican Well Service (TSE:TCW) Given New C$2.00 Price Target at National Bank Financial

Trican Well Service (TSE:TCW) had its price target trimmed by National Bank Financial from C$2.75 to C$2.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on TCW. Cormark lowered their target price on shares of Trican Well Service from C$3.50 to C$1.75 in a report on Wednesday, May 8th. CIBC lowered shares of Trican Well Service from an outperform rating to a neutral rating and lowered their target price for the stock from C$2.00 to C$1.50 in a report on Thursday, July 18th. AltaCorp Capital restated an outperform rating on shares of Trican Well Service in a report on Thursday, June 20th. Finally, Canaccord Genuity lowered their target price on shares of Trican Well Service from C$1.55 to C$1.20 in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of C$1.54.

TCW opened at C$0.92 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.08 and a debt-to-equity ratio of 9.84. Trican Well Service has a fifty-two week low of C$0.90 and a fifty-two week high of C$3.23. The firm has a market cap of $270.95 million and a price-to-earnings ratio of -1.35. The stock has a 50-day simple moving average of C$1.08.

Trican Well Service (TSE:TCW) last posted its earnings results on Thursday, May 9th. The company reported C($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.01. The business had revenue of C$245.68 million during the quarter, compared to analyst estimates of C$230.47 million. Sell-side analysts predict that Trican Well Service will post -0.08 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Trican Well Service (TSE:TCW)

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