Trican Well Service Ltd (TSE:TCW) has received an average rating of “Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$1.45.
TCW has been the topic of a number of recent research reports. Canaccord Genuity lowered their price target on shares of Trican Well Service from C$1.20 to C$1.00 in a research report on Friday, August 16th. Raymond James lowered shares of Trican Well Service from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from C$3.00 to C$2.25 in a research report on Friday, August 2nd. National Bank Financial lowered their price target on shares of Trican Well Service from C$1.70 to C$1.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. CIBC lowered their price target on shares of Trican Well Service from C$1.50 to C$1.25 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price target on shares of Trican Well Service from C$1.75 to C$1.00 in a research report on Friday, August 2nd.
In other Trican Well Service news, insider Sime Armoyan purchased 97,500 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of C$0.93 per share, for a total transaction of C$90,675.00. Following the completion of the transaction, the insider now owns 30,097,500 shares of the company’s stock, valued at approximately C$27,990,675.
Trican Well Service (TSE:TCW) last announced its earnings results on Thursday, August 1st. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.13) by C$0.03. The company had revenue of C$110.03 million during the quarter, compared to analyst estimates of C$122.28 million. On average, analysts anticipate that Trican Well Service will post -0.18 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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