Royal Bank Of Canada Issues Positive Forecast for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$7.50 to C$8.50 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 10.82% from the stock’s current price.

TCW has been the subject of several other reports. National Bank Financial increased their price objective on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$7.00 to C$9.00 in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Trican Well Service has a consensus rating of “Hold” and a consensus target price of C$7.67.

Trican Well Service Price Performance

TSE TCW traded up C$0.09 during mid-day trading on Wednesday, hitting C$7.67. The stock had a trading volume of 528,015 shares, compared to its average volume of 730,595. The firm’s 50 day moving average is C$7.06 and its 200 day moving average is C$6.48. Trican Well Service has a twelve month low of C$4.22 and a twelve month high of C$7.94. The company has a debt-to-equity ratio of 19.28, a current ratio of 2.49 and a quick ratio of 1.75. The stock has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.22 and a beta of -0.27.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.14 EPS for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.The firm had revenue of C$330.27 million during the quarter.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.