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Trican Well Service Ltd. (TSE:TCW) Receives Average Rating of "Moderate Buy" From Analysts

Defense World ·  Sep 26, 2022 04:32

Shares of Trican Well Service Ltd. (TSE:TCW – Get Rating) have earned an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$5.00.

Several equities research analysts have recently commented on TCW shares. BMO Capital Markets boosted their target price on shares of Trican Well Service from C$5.25 to C$5.50 in a research note on Wednesday, July 27th. ATB Capital boosted their target price on shares of Trican Well Service from C$5.00 to C$5.50 in a research note on Thursday, July 28th.

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Trican Well Service Stock Down 12.0 %

Shares of TSE:TCW opened at C$2.72 on Monday. Trican Well Service has a 52 week low of C$2.46 and a 52 week high of C$4.90. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.71 and a current ratio of 1.92. The company's fifty day moving average is C$3.45 and its 200-day moving average is C$3.80. The company has a market capitalization of C$668.62 million and a PE ratio of 19.43.

Trican Well Service (TSE:TCW – Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported C$0.01 EPS for the quarter, beating the consensus estimate of C($0.02) by C$0.03. The firm had revenue of C$152.64 million during the quarter, compared to analyst estimates of C$132.27 million. Equities research analysts predict that Trican Well Service will post 0.3 earnings per share for the current fiscal year.

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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