Trican Well Service (TSE:TCW – Get Free Report) had its price objective cut by investment analysts at BMO Capital Markets from C$6.00 to C$5.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 20.19% from the stock’s current price.
A number of other analysts have also recently commented on the company. TD Securities lowered their price target on Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating for the company in a research note on Friday, February 23rd. ATB Capital set a C$6.00 target price on shares of Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 22nd. Raymond James set a C$4.50 price target on shares of Trican Well Service and gave the company a “market perform” rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus dropped their price objective on Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$5.28.
Check Out Our Latest Report on Trican Well Service
Trican Well Service Trading Up 0.2 %
Trican Well Service (TSE:TCW – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.14. The business had revenue of C$254.92 million for the quarter, compared to analyst estimates of C$244.57 million. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. As a group, sell-side analysts expect that Trican Well Service will post 0.4897467 EPS for the current year.
Trican Well Service Company Profile
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.
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