Trican Well Service (TCW) Price Target Cut to C$5.00

Trican Well Service (TSE:TCW) had its price target decreased by research analysts at National Bank Financial from C$5.50 to C$5.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 58.23% from the company’s previous close.

A number of other research firms have also recently weighed in on TCW. CIBC raised their price target on shares of Trican Well Service from C$6.25 to C$6.50 in a report on Tuesday, January 23rd. Scotiabank set a C$7.25 price target on shares of Trican Well Service and gave the company an “outperform” rating in a report on Thursday, January 18th. Canaccord Genuity decreased their price objective on shares of Trican Well Service from C$6.50 to C$6.00 in a research report on Tuesday, February 6th. Raymond James Financial raised shares of Trican Well Service from an “outperform” rating to a “strong-buy” rating and set a C$8.00 price objective for the company in a research report on Tuesday, February 13th. Finally, JPMorgan Chase decreased their price objective on shares of Trican Well Service from C$6.00 to C$5.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$5.50.

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Shares of TSE:TCW traded up C$0.02 during trading on Monday, reaching C$3.16. The stock had a trading volume of 638,717 shares, compared to its average volume of 3,129,221. Trican Well Service has a one year low of C$2.77 and a one year high of C$5.34.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). Trican Well Service had a net margin of 4.99% and a return on equity of 4.77%. The firm had revenue of C$280.50 million during the quarter, compared to the consensus estimate of C$310.23 million.

In related news, insider Dawn Amanda Sweany sold 7,667 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of C$3.34, for a total value of C$25,607.78.

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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.

Analyst Recommendations for Trican Well Service (TSE:TCW)

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