In a report released on October 12, Keith Mackey from RBC Capital maintained a Buy rating on Trican Well Service (TOLWF – Research Report), with a price target of C$5.50. The company’s shares closed yesterday at $3.31.
Mackey covers the Energy sector, focusing on stocks such as Patterson-UTI, Baker Hughes Company, and Halliburton. According to TipRanks, Mackey has an average return of 25.3% and a 68.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trican Well Service with a $4.17 average 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 $168.23 million and a net profit of $9.84 million. In comparison, last year the company earned a revenue of $152.64 million and had a net profit of $1.28 million
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Trican Well Service (TOLWF) Company Description:
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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