Trican Well Service (TSE:TCW) Price Target Lowered to C$5.00 at BMO Capital Markets

Trican Well Service (TSE:TCW - Get Free Report) had its price target dropped by investment analysts at BMO Capital Markets from C$5.50 to C$5.00 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 10.13% from the company's previous close.

A number of other research firms have also weighed in on TCW. TD Securities dropped their price objective on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Raymond James cut their target price on Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. Finally, Cormark upped their price target on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$5.72.

Trican Well Service Stock Performance

Shares of TCW stock traded up C$0.25 on Wednesday, hitting C$4.54. 770,497 shares of the stock were exchanged, compared to its average volume of 705,812. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. Trican Well Service has a one year low of C$3.79 and a one year high of C$5.24. The firm has a market capitalization of C$871.41 million, a PE ratio of 7.96, a P/E/G ratio of 0.22 and a beta of 1.73. The firm's 50 day moving average is C$4.76 and its two-hundred day moving average is C$4.63.

Trican Well Service (TSE:TCW - Get Free Report) last announced its 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 net margin of 12.36% and a return on equity of 24.57%. The business had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million.

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson purchased 27,000 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of C$4.82 per share, with a total value of C$130,140.00. Over the last quarter, insiders acquired 35,977 shares of company stock valued at $173,559. Corporate insiders own 0.62% of the company's stock.

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.