Trican Well Service Ltd (TCW) Given Consensus Recommendation of “Buy” by Analysts

Shares of Trican Well Service Ltd (TSE:TCW) have earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$5.68.

Several brokerages have recently commented on TCW. Raymond James Financial lowered their target price on shares of Trican Well Service from C$8.00 to C$7.25 and set a “strong-buy” rating for the company in a report on Friday, February 23rd. Royal Bank of Canada lowered their target price on shares of Trican Well Service from C$6.00 to C$5.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. TD Securities lowered their target price on shares of Trican Well Service from C$4.50 to C$3.75 and set a “hold” rating for the company in a report on Friday, February 23rd. Canaccord Genuity lowered their target price on shares of Trican Well Service from C$6.00 to C$5.25 in a report on Friday, February 23rd. Finally, CIBC lowered their target price on shares of Trican Well Service from C$6.50 to C$5.75 in a report on Friday, February 23rd.

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TCW stock traded down C$0.06 on Wednesday, reaching C$3.07. 927,165 shares of the company’s stock traded hands, compared to its average volume of 3,099,723. The firm has a market capitalization of $1,080.00, a P/E ratio of -62.20 and a beta of -0.34. Trican Well Service has a 1 year low of C$2.88 and a 1 year high of C$5.34.

Trican Well Service (TSE:TCW) last announced its earnings results on Wednesday, February 21st. The company reported C$0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.06 by C($0.01). The firm had revenue of C$280.50 million during the quarter, compared to analysts’ expectations of C$310.23 million. Trican Well Service had a net margin of 4.99% and a return on equity of 4.77%.

In related news, insider Dawn Amanda Sweany sold 7,667 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of C$3.34, for a total transaction of C$25,607.78.

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About Trican Well Service

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.

Analyst Recommendations for Trican Well Service (TSE:TCW)

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