Trican Well Service (TSE:TCW) had its price objective reduced by analysts at National Bank Financial from C$2.75 to C$2.00 in a research report issued to clients and investors on Thursday, August 1st, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 108.33% from the company’s previous close.
A number of other research analysts also recently commented on the company. Cormark dropped their price target on Trican Well Service from C$3.50 to C$1.75 in a research note on Wednesday, May 8th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Trican Well Service in a research note on Thursday, June 20th. CIBC downgraded Trican Well Service from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$2.00 to C$1.50 in a research note on Thursday, July 18th. Finally, Canaccord Genuity dropped their price target on Trican Well Service from C$1.55 to C$1.20 in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Trican Well Service has a consensus rating of “Hold” and a consensus target price of C$1.50.
TCW stock traded up C$0.04 during midday trading on Thursday, reaching C$0.96. The company had a trading volume of 731,300 shares, compared to its average volume of 1,124,267. The company has a market capitalization of $277.69 million and a price-to-earnings ratio of -1.39. The stock has a 50 day moving average price of C$0.99 and a 200-day moving average price of C$1.26. Trican Well Service has a 1-year low of C$0.81 and a 1-year high of C$3.23. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.78 and a quick ratio of 1.35.
Trican Well Service Ltd., an oilfield 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. It offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, cement design solutions, 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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