Evercore ISI Lowers Trican Well Service (TCW) to In-Line

Evercore ISI lowered shares of Trican Well Service (TSE:TCW) from an outperform rating to an in-line rating in a research report report published on Tuesday, October 16th. The brokerage currently has C$3.00 price objective on the stock, down from their previous price objective of C$4.00.

A number of other research analysts have also weighed in on TCW. Canaccord Genuity dropped their target price on Trican Well Service from C$4.75 to C$4.50 in a report on Tuesday, July 10th. BMO Capital Markets dropped their target price on Trican Well Service from C$4.00 to C$3.50 in a report on Thursday, August 2nd. Royal Bank of Canada lowered Trican Well Service from an outperform rating to a sector perform rating and dropped their target price for the company from C$5.00 to C$3.50 in a report on Thursday, September 20th. National Bank Financial decreased their price target on Trican Well Service from C$5.00 to C$3.50 and set an outperform rating for the company in a research report on Wednesday, September 26th. Finally, Raymond James downgraded Trican Well Service from a strong-buy rating to an outperform rating and decreased their price target for the company from C$6.25 to C$4.50 in a research report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Trican Well Service has a consensus rating of Hold and an average target price of C$3.40.

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

Trican Well Service (TSE:TCW) last announced 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 during the quarter, compared to the consensus estimate of C$257.97 million. Research analysts expect that Trican Well Service will post 0.0599999954716985 earnings per share for the current year.

In related news, insider Shaun Patrick Kelly purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average cost of C$2.75 per share, with a total value of C$55,000.00.

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.

Read More: Earnings Per Share (EPS)

Analyst Recommendations for Trican Well Service (TSE:TCW)

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