Trican Well Service - TCW Stock Forecast, Price & News

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, 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. It also provides reservoir solutions, such as exploration, production analysis, and simulation and modeling services; and coiled tubing solutions comprising coiled tubing fracturing and acidizing, specially designed tools, in-house engineering, well cleanouts, milling, high pressure jetting, e-coil, nitrogen gas lifting, and production enhancement, as well as equipment and tools. In addition, the company offers acidizing and production enhancement services that include production and injection well enhancement services, and equipment; well intervention tools; and fracturing solutions and equipment. Trican Well Service Ltd. was incorporated in 1979 and is headquartered in Calgary, Canada.

Trican Well Service Stock Up 2.6 %

TCW opened at C$3.50 on Tuesday. The business has a 50 day moving average price of C$3.77 and a 200 day moving average price of C$3.80. Trican Well Service has a twelve month low of C$2.28 and a twelve month high of C$4.90. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.71 and a current ratio of 1.92. The firm has a market cap of C$853.49 million and a P/E ratio of 25.00.

Trican Well Service (TSE:TCW - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported C$0.01 EPS for the quarter, topping the consensus estimate of C($0.02) by C$0.03. The business had revenue of C$152.64 million during the quarter, compared to the consensus estimate of C$132.27 million. Research analysts forecast that Trican Well Service will post 0.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TCW shares. Raymond James lifted their price target on Trican Well Service from C$4.00 to C$5.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 17th. Royal Bank of Canada lifted their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research note on Monday, May 16th. TD Securities raised their price objective on Trican Well Service from C$3.75 to C$4.25 and gave the stock a "hold" rating in a research report on Thursday, May 12th. ATB Capital raised their price objective on Trican Well Service from C$5.00 to C$5.50 in a research report on Thursday, July 28th. Finally, National Bankshares upgraded Trican Well Service from a "sector perform" rating to a "buy" rating and raised their price objective for the stock from C$4.00 to C$6.25 in a research report on Sunday, April 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$5.00.