Trican Well Service Ltd. (TSE:TCW) Given Average Recommendation of “Buy” by Brokerages

Trican Well Service Ltd. (TSE:TCWGet Rating) has been given an average recommendation of “Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$4.62.

Several research analysts have issued reports on TCW shares. Raymond James raised their target price on Trican Well Service from C$4.00 to C$5.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 17th. BMO Capital Markets reissued a “buy” rating and set a C$5.25 target price on shares of Trican Well Service in a research note on Thursday, May 12th. TD Securities lifted their target price on Trican Well Service from C$3.75 to C$4.25 and gave the company a “hold” rating in a research note on Thursday, May 12th. National Bankshares raised Trican Well Service from a “sector perform” rating to a “buy” rating and lifted their target price for the company from C$4.00 to C$6.25 in a research note on Sunday, April 24th. Finally, Canaccord Genuity Group lifted their target price on Trican Well Service from C$4.30 to C$4.50 in a research note on Thursday, March 17th.

TSE:TCW opened at C$3.76 on Friday. The firm has a market cap of C$924.28 million and a PE ratio of 40.43. Trican Well Service has a fifty-two week low of C$2.28 and a fifty-two week high of C$4.90. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.80 and a current ratio of 2.01. The business has a 50 day moving average price of C$4.40 and a 200-day moving average price of C$3.64.

Trican Well Service (TSE:TCWGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The business had revenue of C$218.91 million during the quarter, compared to analyst estimates of C$214.98 million. Research analysts predict that Trican Well Service will post 0.24 EPS for the current year.

About Trican Well Service (Get Rating)

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 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; 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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