Trican Well Service (TSE:TCW) had its price objective lowered by BMO Capital Markets from C$1.75 to C$1.00 in a research report report published on Friday, BayStreet.CA reports.
TCW has been the subject of a number of other reports. Cormark dropped their target price on Trican Well Service from C$3.50 to C$1.75 in a report on Wednesday, May 8th. AltaCorp Capital reissued an outperform rating on shares of Trican Well Service in a report on Thursday, June 20th. Canaccord Genuity dropped their target price on Trican Well Service from C$1.55 to C$1.20 in a report on Tuesday, July 9th. Raymond James cut Trican Well Service from a strong-buy rating to an outperform rating and dropped their target price for the stock from C$3.00 to C$2.25 in a report on Friday. Finally, CIBC cut Trican Well Service from an outperform rating to a neutral rating and dropped their target price for the stock from C$2.00 to C$1.50 in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Trican Well Service currently has a consensus rating of Hold and a consensus target price of C$1.54.
Shares of TCW opened at C$0.92 on Friday. Trican Well Service has a 1 year low of C$0.90 and a 1 year high of C$3.23. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.75 and a current ratio of 2.08. The stock has a 50 day moving average of C$1.07. The firm has a market cap of $270.95 million and a PE ratio of -1.35.
About Trican Well Service
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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