Shares of Trican Well Service Ltd (TSE:TCW) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$1.85.
Several research firms have commented on TCW. CIBC upped their price objective on Trican Well Service from C$1.75 to C$2.00 in a research report on Tuesday, April 23rd. TD Securities upped their price objective on Trican Well Service from C$1.40 to C$1.50 and gave the stock a “hold” rating in a research report on Monday, February 25th. Royal Bank of Canada restated a “sector perform” rating and issued a C$2.00 price objective on shares of Trican Well Service in a research report on Tuesday, February 19th. BMO Capital Markets lowered their price objective on Trican Well Service from C$2.00 to C$1.75 in a research report on Friday, February 22nd. Finally, Canaccord Genuity upped their price objective on Trican Well Service from C$1.50 to C$1.60 in a research report on Wednesday, March 20th.
TSE TCW traded down C$0.05 during trading hours on Friday, reaching C$1.12. The stock had a trading volume of 551,913 shares, compared to its average volume of 1,237,957. The firm has a market cap of $344.58 million and a P/E ratio of -1.65. Trican Well Service has a 52-week low of C$0.96 and a 52-week high of C$3.23. The company has a quick ratio of 1.75, a current ratio of 2.08 and a debt-to-equity ratio of 9.84.
Trican Well Service (TSE:TCW) last issued its earnings results on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.03) by C$0.01. The firm had revenue of C$245.68 million during the quarter, compared to analysts’ expectations of C$230.47 million. As a group, research analysts expect that Trican Well Service will post -0.07 earnings per share for the current year.
Trican Well Service Company Profile
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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