Trican Well Service (TSE:TCW) PT Lowered to C$4.75

Trican Well Service (TSE:TCW) had its target price lowered by Raymond James from C$5.00 to C$4.75 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 3.04% from the stock’s current price.

Other research analysts have also issued research reports about the company. BMO Capital Markets decreased their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating on the stock in a report on Friday, October 4th. TD Securities lowered their price target 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 report on Tuesday, October 8th. Cormark raised their target price on shares of Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Finally, Royal Bank of Canada upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$5.78.

Trican Well Service Stock Up 1.3 %

TCW stock opened at C$4.61 on Tuesday. The stock has a market capitalization of C$884.84 million, a P/E ratio of 8.09, a P/E/G ratio of 0.22 and a beta of 1.73. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.24. The firm has a 50-day simple moving average of C$4.84 and a 200-day simple moving average of C$4.62. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90.

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 analysts’ consensus estimates of C$0.06 by C$0.02. The business had revenue of C$211.81 million during the quarter, compared to analysts’ expectations of C$191.10 million. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%.

Insider Activity at Trican Well Service

In other Trican Well Service news, Senior Officer Scott Eric Matson bought 27,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of C$4.82 per share, with a total value of C$130,140.00. Over the last three months, insiders have acquired 35,977 shares of company stock worth $173,559. 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.