Trican Well Service Ltd (TCW) Given Average Rating of “Buy” by Analysts

Trican Well Service Ltd (TSE:TCW) has been given an average rating of “Buy” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$5.28.

Several brokerages recently commented on TCW. Canaccord Genuity decreased their target price on shares of Trican Well Service from C$4.75 to C$4.50 in a research note on Tuesday, July 10th. BMO Capital Markets decreased their target price on shares of Trican Well Service from C$4.00 to C$3.50 in a research note on Thursday, August 2nd.

Shares of TSE TCW traded down C$0.05 during mid-day trading on Wednesday, hitting C$2.43. The stock had a trading volume of 975,085 shares, compared to its average volume of 2,785,909. Trican Well Service has a 1 year low of C$2.39 and a 1 year high of C$5.34.

Trican Well Service (TSE:TCW) last issued its earnings results on Wednesday, August 1st. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.08) by C($0.02). Trican Well Service had a return on equity of 4.77% and a net margin of 4.99%. The firm had revenue of C$171.99 million during the quarter, compared to analysts’ expectations of C$172.68 million.

In related news, insider Shaun Patrick Kelly purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average price of C$2.75 per share, for a total transaction of C$55,000.00.

About Trican Well Service

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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