Trican Well Service (TSE:TCW) PT Lowered to C$1.25 at CIBC

Trican Well Service (TSE:TCW) had its price objective lowered by investment analysts at CIBC from C$1.50 to C$1.25 in a report issued on Tuesday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 32.98% from the company’s current price.

TCW has been the topic of a number of other research reports. TD Securities dropped their target price on shares of Trican Well Service from C$1.40 to C$1.25 and set a “hold” rating on the stock in a research report on Friday, August 2nd. Raymond James lowered shares of Trican Well Service from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from C$3.00 to C$2.25 in a research report on Friday, August 2nd. National Bank Financial dropped their target price 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. Canaccord Genuity dropped their target price on shares of Trican Well Service from C$1.20 to C$1.00 in a research report on Friday, August 16th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Trican Well Service in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$1.45.

TCW stock traded down C$0.01 on Tuesday, reaching C$0.94. 550,670 shares of the company were exchanged, compared to its average volume of 1,066,079. Trican Well Service has a 12 month low of C$0.81 and a 12 month high of C$2.17. The stock’s fifty day moving average price is C$1.04 and its 200 day moving average price is C$1.16. The firm has a market capitalization of $267.31 million and a PE ratio of -1.37. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.78 and a quick ratio of 1.35.

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, topping the Zacks’ consensus estimate of C($0.13) by C$0.03. The company had revenue of C$110.03 million for the quarter, compared to the consensus estimate of C$122.28 million. As a group, research analysts expect that Trican Well Service will post -0.18 EPS for the current fiscal year.

In other Trican Well Service news, insider Sime Armoyan purchased 97,500 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of C$0.93 per share, for a total transaction of C$90,675.00. Following the completion of the purchase, the insider now directly owns 30,097,500 shares of the company’s stock, valued at C$27,990,675.

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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