Trican Well Service (TCW) Given New C$1.50 Price Target at Canaccord Genuity

Trican Well Service (TSE:TCW) had its target price reduced by Canaccord Genuity from C$2.50 to C$1.50 in a research report report published on Thursday morning.

A number of other research firms also recently commented on TCW. GMP Securities decreased their target price on Trican Well Service from C$2.50 to C$2.00 in a report on Friday, November 9th. National Bank Financial decreased their target price on Trican Well Service from C$5.00 to C$3.50 and set an outperform rating for the company in a report on Wednesday, September 26th. Evercore decreased their target price on Trican Well Service from C$3.00 to C$2.00 in a report on Monday, November 12th. TD Securities downgraded Trican Well Service from a buy rating to a hold rating and decreased their target price for the stock from C$3.00 to C$2.00 in a report on Friday, November 9th. Finally, BMO Capital Markets decreased their target price on Trican Well Service from C$3.50 to C$2.00 and set a hold rating for the company in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$3.15.

Shares of Trican Well Service stock traded down C$0.01 on Thursday, reaching C$1.27. 651,322 shares of the stock were exchanged, compared to its average volume of 2,888,594. The company has a quick ratio of 2.00, a current ratio of 2.47 and a debt-to-equity ratio of 13.90. Trican Well Service has a twelve month low of C$1.25 and a twelve month high of C$4.90.

Trican Well Service (TSE:TCW) last released its earnings results on Thursday, November 8th. The company reported C($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.06). The company had revenue of C$253.74 million during the quarter, compared to analysts’ expectations of C$257.97 million. Research analysts anticipate that Trican Well Service will post -0.02 EPS for the current year.

In related news, insider Shaun Patrick Kelly purchased 20,000 shares of Trican Well Service stock in a transaction that occurred on Wednesday, September 5th. The stock was bought at an average cost of C$2.75 per share, for a total transaction of C$55,000.00.

About Trican Well Service

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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Analyst Recommendations for Trican Well Service (TSE:TCW)

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