Trican Well Service (TCW) Price Target Cut to C$2.00 by Analysts at GMP Securities

Trican Well Service (TSE:TCW) had its price target reduced by GMP Securities from C$2.50 to C$2.00 in a research note issued to investors on Friday.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Trican Well Service from C$3.50 to C$2.00 and set a hold rating on the stock in a report on Friday. CIBC cut their price target on shares of Trican Well Service from C$3.15 to C$2.50 in a report on Friday. Canaccord Genuity cut shares of Trican Well Service from a buy rating to a hold rating and cut their price target for the company from C$3.25 to C$2.50 in a report on Tuesday, October 16th. National Bank Financial cut their price target on shares of Trican Well Service from C$5.00 to C$3.50 and set an outperform rating on the stock in a report on Wednesday, September 26th. Finally, Evercore ISI cut shares of Trican Well Service from an outperform rating to an in-line rating and cut their price target for the company from C$4.00 to C$3.00 in a report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$3.40.

Shares of TSE TCW traded down C$0.07 during mid-day trading on Friday, hitting C$1.52. The stock had a trading volume of 5,487,100 shares, compared to its average volume of 2,865,502. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 6.74. Trican Well Service has a 1 year low of C$1.45 and a 1 year high of C$5.04.

Trican Well Service (TSE:TCW) last issued its earnings results on Thursday, November 8th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.06). The company had revenue of C$253.74 million for the quarter, compared to the consensus estimate of C$257.97 million. Equities research analysts expect that Trican Well Service will post 0.0599999954716985 EPS for the current fiscal year.

In related news, insider Shaun Patrick Kelly purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average price 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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