BMO Capital Markets Issues Pessimistic Forecast for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its target price dropped by equities research analysts at BMO Capital Markets from C$5.50 to C$5.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 8.23% from the company’s current price.

A number of other equities analysts have also recently issued reports on TCW. Raymond James cut their price target on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. TD Securities cut their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th. Cormark raised their price target on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, Royal Bank of Canada upped their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Trican Well Service has a consensus rating of “Moderate Buy” and a consensus target price of C$5.72.

Trican Well Service Stock Performance

Shares of TCW opened at C$4.62 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The firm’s fifty day simple moving average is C$4.76 and its two-hundred day simple moving average is C$4.63. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.24. The stock has a market capitalization of C$886.76 million, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service (TSE:TCW) last announced its earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. The company had revenue of C$211.81 million for the quarter, compared to analyst estimates of C$191.10 million.

Insider Transactions at Trican Well Service

In other Trican Well Service news, Senior Officer Scott Eric Matson purchased 27,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$4.82 per share, with a total value of C$130,140.00. Insiders acquired a total of 35,977 shares of company stock valued at $173,559 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment 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. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.