BMO Capital Markets Has Lowered Expectations for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its price objective dropped by equities researchers 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 would indicate a potential upside of 9.89% from the stock’s current price.

Several other brokerages have also recently commented on TCW. TD Securities decreased their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research report on Tuesday, October 8th. Raymond James lowered their target price on Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. Royal Bank of Canada upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Cormark lifted their price objective on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Three investment 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$5.72.

Trican Well Service Trading Up 6.1 %

Trican Well Service stock traded up C$0.26 during midday trading on Wednesday, hitting C$4.55. 511,955 shares of the stock were exchanged, compared to its average volume of 704,581. 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 stock has a market capitalization of C$873.33 million, a price-to-earnings ratio of 8.00, a PEG ratio of 0.22 and a beta of 1.73. The stock’s 50-day simple moving average is C$4.77 and its 200 day simple moving average is C$4.63. Trican Well Service has a fifty-two week low of C$3.79 and a fifty-two week high of C$5.24.

Trican Well Service (TSE:TCW) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%. The firm 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 related news, Senior Officer Scott Eric Matson bought 27,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of C$4.82 per share, with a total value of C$130,140.00. Insiders have purchased a total of 35,977 shares of company stock valued at $173,559 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

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.