RBC Capital analyst Keith Mackey maintained a Buy rating on Trican Well Service (TOLWF – Research Report) on February 23 and set a price target of C$6.00. The company’s shares closed yesterday at $2.47.
Mackey covers the Industrial Goods sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Helmerich & Payne. According to TipRanks, Mackey has an average return of 28.1% and a 66.33% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trican Well Service with a $4.22 average price target, representing a 70.85% upside. In a report released on February 24, Stifel Nicolaus also maintained a Buy rating on the stock with a C$5.75 price target.
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Based on Trican Well Service’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $152.64 million and a net profit of $1.47 million. In comparison, last year the company earned a revenue of $93.65 million and had a GAAP net loss of $8.31 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is neutral on the stock.
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Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.
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