Trican Well Service Ltd. (TSE:TCW – Get Rating) – Equities research analysts at Cormark boosted their FY2022 EPS estimates for Trican Well Service in a research note issued on Thursday, July 28th. Cormark analyst B. Watson now expects that the company will post earnings per share of $0.28 for the year, up from their prior estimate of $0.21. The consensus estimate for Trican Well Service's current full-year earnings is $0.27 per share. Cormark also issued estimates for Trican Well Service's Q2 2023 earnings at $0.02 EPS.
Get Trican Well Service alerts:Trican Well Service (TSE:TCW – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported C$0.05 earnings per share for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.02). The business had revenue of C$218.91 million for the quarter, compared to analysts' expectations of C$214.98 million.
A number of other research firms have also weighed in on TCW. Royal Bank of Canada raised their price target 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 Monday, May 16th. BMO Capital Markets raised their price target on shares of Trican Well Service from C$5.25 to C$5.50 in a research report on Wednesday, July 27th. National Bankshares raised shares of Trican Well Service from a "sector perform" rating to a "buy" rating and raised their price target for the company from C$4.00 to C$6.25 in a research report on Sunday, April 24th. TD Securities raised their price target on shares of Trican Well Service from C$3.75 to C$4.25 and gave the company a "hold" rating in a research report on Thursday, May 12th. Finally, ATB Capital raised their price target on shares of Trican Well Service from C$5.00 to C$5.50 in a research report on Thursday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$5.00.Trican Well Service Stock Up 1.9 %
TCW opened at C$3.79 on Monday. The company has a debt-to-equity ratio of 8.52, a current ratio of 1.92 and a quick ratio of 1.71. The company's 50-day moving average is C$3.89 and its 200 day moving average is C$3.79. Trican Well Service has a fifty-two week low of C$2.28 and a fifty-two week high of C$4.90. The firm has a market capitalization of C$931.65 million and a P/E ratio of 27.07.
Trican Well Service Company Profile
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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 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; and cement pumpers, bulk equipment, and cement auxiliary equipment.
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