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

Trican Well Service (TSE:TCW) had its price objective dropped by analysts at Raymond James from C$5.00 to C$4.75 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 5.09% from the stock’s current price.

TCW has been the subject of several other reports. Royal Bank of Canada boosted their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Securities decreased their target price 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. Cormark upped their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, BMO Capital Markets decreased their price objective on shares of Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating for the company in a report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and an average target price of C$5.78.

Trican Well Service Stock Down 2.4 %

Trican Well Service stock traded down C$0.11 during trading hours on Tuesday, hitting C$4.52. The company had a trading volume of 471,276 shares, compared to its average volume of 708,097. The firm has a market capitalization of C$867.57 million, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The firm’s fifty day moving average is C$4.87 and its 200-day moving average is C$4.61. 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 posted its earnings results 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. The company had revenue of C$211.81 million during the quarter, compared to the consensus estimate of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%.

Insider Buying and Selling at Trican Well Service

In other Trican Well Service news, Senior Officer Scott Eric Matson acquired 27,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of C$4.82 per share, for a total transaction of C$130,140.00. Insiders purchased a total of 35,977 shares of company stock valued at $173,559 in the last ninety days. Company 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.