Trican Well Service (TSE:TCW) Given New C$6.75 Price Target at Raymond James Financial

Trican Well Service (TSE:TCW) had its target price dropped by research analysts at Raymond James Financial from C$7.50 to C$6.75 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 15.19% from the stock’s current price.

Several other research firms have also issued reports on TCW. ATB Cormark Capital Markets upped their price target on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Finally, BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$7.71.

Trican Well Service Trading Down 0.5%

Shares of Trican Well Service stock traded down C$0.03 during trading on Thursday, reaching C$5.86. The company’s stock had a trading volume of 813,277 shares, compared to its average volume of 668,632. Trican Well Service has a 52-week low of C$5.19 and a 52-week high of C$8.40. The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.22 and a beta of -0.41. The firm’s 50-day moving average is C$7.00 and its two-hundred day moving average is C$7.01. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 7.60.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$214.60 million for the quarter. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.