Trican Well Service (TSE:TCW) Reaches New 52-Week Low at $1.00

Trican Well Service Ltd (TSE:TCW) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$1.00 and last traded at C$1.00, with a volume of 577167 shares. The stock had previously closed at C$1.05.

TCW has been the topic of several analyst reports. AltaCorp Capital restated a “sector perform” rating on shares of STEP Energy Services in a research note on Thursday, June 20th. CIBC dropped their price target on shares of WestJet Airlines from C$22.00 to C$21.00 in a research note on Tuesday, April 23rd. Cormark dropped their price target on shares of Trican Well Service from C$3.50 to C$1.75 in a research note on Wednesday, May 8th. Finally, Canaccord Genuity restated a “buy” rating and set a $7.50 price target on shares of in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Trican Well Service currently has an average rating of “Hold” and an average price target of C$1.81.

The stock’s 50 day simple moving average is C$1.20. The company has a debt-to-equity ratio of 9.84, a current ratio of 2.08 and a quick ratio of 1.75. The stock has a market cap of $312.18 million and a price-to-earnings ratio of -1.48.

Trican Well Service (TSE:TCW) last posted its earnings results on Thursday, May 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.03) by C$0.01. The firm had revenue of C$245.68 million during the quarter, compared to analyst estimates of C$230.47 million. As a group, sell-side analysts expect that Trican Well Service Ltd will post -0.07 earnings per share for the current fiscal year.

Trican Well Service Company Profile (TSE:TCW)

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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