Q4 2017 EPS Estimates for Trican Well Service Ltd. (TCW) Lowered by Analyst
Trican Well Service Ltd. (TSE:TCW) – Stock analysts at Raymond James Financial lowered their Q4 2017 earnings per share estimates for Trican Well Service in a research note issued to investors on Friday. Raymond James Financial analyst A. Bradford now expects that the firm will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.05. Raymond James Financial currently has a “Market Perform” rating and a $3.60 target price on the stock.
Several other brokerages have also issued reports on TCW. Pi Financial raised their price objective on shares of Trican Well Service from C$2.20 to C$3.30 in a research note on Monday, October 3rd. Scotiabank reaffirmed an “outperform” rating and issued a C$3.50 price objective on shares of Trican Well Service in a research note on Monday, August 15th. Evercore Partners Inc. raised their price objective on shares of Trican Well Service from C$2.00 to C$3.00 in a research note on Wednesday, June 29th. TD Securities dropped their price objective on shares of Trican Well Service from C$3.00 to C$2.75 and set a “speculative buy” rating on the stock in a research note on Monday, August 15th. Finally, Royal Bank Of Canada raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$2.00 to C$5.00 in a research note on Wednesday, June 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$2.79.
Shares of Trican Well Service (TSE:TCW) traded down 0.63% during mid-day trading on Monday, hitting $3.13. 1,945,778 shares of the company traded hands. The stock’s market capitalization is $604.21 million. The firm has a 50-day moving average of $2.41 and a 200-day moving average of $2.00. Trican Well Service has a one year low of $0.34 and a one year high of $3.37.
Trican Well Service Company Profile
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
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