Trican Well Service (TCW) Price Target Lowered to C$2.00 at BMO Capital Markets

Trican Well Service (TSE:TCW) had its price objective cut by BMO Capital Markets from C$3.50 to C$2.00 in a research note published on Friday morning. They currently have a hold rating on the stock.

TCW has been the topic of a number of other reports. Royal Bank of Canada lowered Trican Well Service from an outperform rating to a sector perform rating and lowered their price target for the stock from C$5.00 to C$3.50 in a research note on Thursday, September 20th. Raymond James lowered Trican Well Service from a strong-buy rating to an outperform rating and lowered their price target for the stock from C$6.25 to C$4.50 in a research note on Friday, September 21st. National Bank Financial lowered their price target on Trican Well Service from C$5.00 to C$3.50 and set an outperform rating on the stock in a research note on Wednesday, September 26th. Evercore ISI lowered Trican Well Service from an outperform rating to an in-line rating and lowered their price target for the stock from C$4.00 to C$3.00 in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. lowered Trican Well Service from a neutral rating to an underweight rating in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$3.40.

Shares of Trican Well Service stock traded down C$0.07 on Friday, reaching C$1.52. The company’s stock had a trading volume of 5,487,100 shares, compared to its average volume of 2,865,502. Trican Well Service has a 52-week low of C$1.45 and a 52-week high of C$5.04. The company has a debt-to-equity ratio of 6.74, a quick ratio of 2.02 and a current ratio of 2.64.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Thursday, November 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.06). The firm had revenue of C$253.74 million during the quarter, compared to analysts’ expectations of C$257.97 million. As a group, research analysts anticipate that Trican Well Service will post 0.0599999954716985 EPS for the current fiscal year.

In other Trican Well Service news, insider Shaun Patrick Kelly bought 20,000 shares of Trican Well Service stock in a transaction on Wednesday, September 5th. The shares were bought 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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