Trican Well Service (TSE:TCW) issued its quarterly earnings results on Thursday. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.06), Morningstar.com reports. The business had revenue of C$253.74 million during the quarter, compared to analysts’ expectations of C$257.97 million.

TCW opened at C$1.52 on Friday. The company has a debt-to-equity ratio of 6.74, a quick ratio of 2.02 and a current ratio of 2.64. Trican Well Service has a fifty-two week low of C$1.45 and a fifty-two week high of C$5.04.

In related news, insider Shaun Patrick Kelly acquired 20,000 shares of Trican Well Service stock in a transaction dated Wednesday, September 5th. The stock was acquired at an average cost of C$2.75 per share, with a total value of C$55,000.00.

A number of brokerages have issued reports on TCW. BMO Capital Markets decreased their price target on Trican Well Service from C$4.00 to C$3.50 in a research note on Thursday, August 2nd. Canaccord Genuity decreased their price target on Trican Well Service from C$4.50 to C$4.25 in a research note on Friday, August 17th. Royal Bank of Canada lowered Trican Well Service from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$5.00 to C$3.50 in a research note on Thursday, September 20th. National Bank Financial decreased their price target on Trican Well Service from C$5.00 to C$3.50 and set an “outperform” rating for the company in a research note on Wednesday, September 26th. Finally, Raymond James lowered Trican Well Service from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$6.25 to C$4.50 in a research note on Friday, September 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$3.40.

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Trican Well Service Company Profile

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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Earnings History for Trican Well Service (TSE:TCW)

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