Trican Well Service Ltd. (TSE:TCW) – Equities research analysts at National Bank Financial cut their FY2018 earnings estimates for shares of Trican Well Service in a note issued to investors on Thursday. National Bank Financial analyst G. Colman now expects that the firm will post earnings of $0.21 per share for the year, down from their previous forecast of $0.22.

Earnings History and Estimates for Trican Well Service (TSE:TCW)

A number of other equities research analysts also recently issued reports on the stock. Scotiabank reiterated an “outperform” rating and set a C$3.50 price objective on shares of Trican Well Service in a research note on Monday, August 15th. Pi Financial increased 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. Royal Bank Of Canada reiterated an “outperform” rating and set a C$5.00 price objective on shares of Trican Well Service in a research note on Tuesday, September 6th. GMP Securities downgraded shares of Trican Well Service from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Finally, Canaccord Genuity increased their price objective on shares of Trican Well Service from C$4.00 to C$4.25 and gave the stock a “speculative buy” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$3.20.

Shares of Trican Well Service (TSE:TCW) traded down 4.58% on Monday, reaching $3.33. 1,402,692 shares of the company were exchanged. The company’s market cap is $642.82 million. Trican Well Service has a 12 month low of $0.34 and a 12 month high of $3.61. The company’s 50-day moving average price is $3.02 and its 200 day moving average price is $2.32.

About Trican Well Service

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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