Trican Well Service (TSE:TCW) Price Target Lowered to C$4.75 at Raymond James

Trican Well Service (TSE:TCW - Get Free Report) had its target price lowered by equities research analysts at Raymond James from C$5.00 to C$4.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James' target price indicates a potential upside of 4.40% from the company's previous close.

Several other brokerages also recently weighed in on TCW. Royal Bank of Canada increased their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. TD Securities dropped their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating on the stock in a research note on Tuesday, October 8th. BMO Capital Markets reduced their price objective on shares of Trican Well Service from C$6.00 to C$5.50 and set a "market perform" rating for the company in a research report on Friday, October 4th. Finally, Cormark boosted their target price on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Trican Well Service currently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.78.

Trican Well Service Stock Performance

Trican Well Service stock traded down C$0.08 during midday trading on Tuesday, hitting C$4.55. 711,266 shares of the company's stock were exchanged, compared to its average volume of 709,303. The firm's 50 day simple moving average is C$4.85 and its 200 day simple moving average is C$4.61. Trican Well Service has a 12-month low of C$3.79 and a 12-month high of C$5.24. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60. The stock has a market cap of C$873.33 million, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

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 (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. The firm had revenue of C$211.81 million for the quarter, compared to analysts' expectations of C$191.10 million.

Insiders Place Their Bets

In other Trican Well Service news, Senior Officer Scott Eric Matson bought 27,000 shares of the company's stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$4.82 per share, for a total transaction of C$130,140.00. Over the last ninety days, insiders have bought 35,977 shares of company stock worth $173,559. 0.62% of the stock is owned by corporate insiders.

Trican Well Service Company Profile

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.