Canaccord Genuity Trims Trican Well Service (TSE:TCW) Target Price to C$1.20

Trican Well Service (TSE:TCW) had its price objective reduced by Canaccord Genuity from C$1.55 to C$1.20 in a research report released on Tuesday, BayStreet.CA reports.

TCW has been the subject of a number of other research reports. Cormark lowered their price objective on shares of Trican Well Service from C$3.50 to C$1.75 in a research report on Wednesday, May 8th. CIBC dropped their target price on shares of WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. Finally, AltaCorp Capital reaffirmed a sector perform rating on shares of STEP Energy Services in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Trican Well Service has a consensus rating of Hold and a consensus price target of C$1.81.

TCW stock opened at C$1.01 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.75 and a debt-to-equity ratio of 9.84. The business’s 50-day moving average price is C$1.20. The firm has a market capitalization of $312.18 million and a P/E ratio of -1.48. Trican Well Service has a twelve month low of C$0.96 and a twelve month high of C$3.23.

Trican Well Service (TSE:TCW) last announced its earnings results on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01. The business had revenue of C$245.68 million during the quarter, compared to analyst estimates of C$230.47 million. Research analysts predict that Trican Well Service will post -0.07 EPS for the current fiscal year.

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.

Further Reading: Stochastic Momentum Index (SMI)

Analyst Recommendations for Trican Well Service (TSE:TCW)

Receive News & Ratings for Trican Well Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service and related companies with MarketBeat.com's FREE daily email newsletter.