TD Securities Trims Trican Well Service (TSE:TCW) Target Price to C$4.75

Trican Well Service (TSE:TCW - Get Free Report) had its price objective lowered by research analysts at TD Securities from C$5.00 to C$4.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' target price would indicate a potential upside of 2.81% from the company's current price.

A number of other equities analysts also recently issued reports on TCW. Royal Bank of Canada increased their target price on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Cormark raised their price target on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Raymond James raised their price objective on Trican Well Service from C$4.50 to C$5.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Finally, BMO Capital Markets reduced their target price on Trican Well Service from C$6.00 to C$5.50 and set a "market perform" rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$5.81.

Trican Well Service Trading Down 4.7 %

Shares of TCW stock traded down C$0.23 on Tuesday, hitting C$4.62. The stock had a trading volume of 513,451 shares, compared to its average volume of 711,454. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The firm has a market capitalization of C$921.60 million, a P/E ratio of 8.16, a P/E/G ratio of 0.22 and a beta of 1.75. Trican Well Service has a 1 year low of C$3.79 and a 1 year high of C$5.24. The company's 50 day moving average price is C$4.90 and its 200-day moving average price is C$4.59.

Trican Well Service (TSE:TCW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$211.81 million for the quarter, compared to the consensus estimate of C$191.10 million. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. Analysts anticipate that Trican Well Service will post 0.6312336 earnings per share for the current year.

Insider Transactions at Trican Well Service

In other news, Senior Officer Scott Eric Matson acquired 27,000 shares of Trican Well Service stock in a transaction on Friday, August 9th. The stock was bought at an average price of C$4.82 per share, for a total transaction of C$130,140.00. In the last quarter, insiders purchased 35,977 shares of company stock worth $173,559. 0.60% of the stock is owned by corporate insiders.

About Trican Well Service

Trican Well Service Ltd., an equipment 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. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.