Trican Well Service Ltd. (TSE:TCW) – Analysts at Raymond James Financial decreased their Q4 2017 earnings estimates for Trican Well Service in a report issued on Friday. Raymond James Financial analyst A. Bradford now forecasts that the firm will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.05. Raymond James Financial has a “Market Perform” rating and a $3.60 price target on the stock.
Other equities analysts have also issued research reports about the company. Evercore Partners Inc. boosted their price objective on Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. Evercore ISI boosted their price objective on Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. Scotiabank boosted their price objective on Trican Well Service from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 22nd. TD Securities upped their price target on Trican Well Service from C$2.25 to C$2.75 and gave the company a “speculative buy” rating in a research note on Wednesday, June 22nd. Finally, Pi Financial lowered Trican Well Service from a “buy” rating to a “neutral” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Trican Well Service presently has a consensus rating of “Hold” and a consensus target price of C$2.79.
Trican Well Service (TSE:TCW) traded down 0.63% during midday trading on Monday, reaching $3.13. 1,945,778 shares of the company traded hands. The firm has a 50-day moving average of $2.41 and a 200-day moving average of $2.00. The stock’s market capitalization is $604.21 million. Trican Well Service has a 1-year low of $0.34 and a 1-year high of $3.37.
Trican Well Service Company Profile
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
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