Trican Well Service Ltd (TSE:TCW) – Equities researchers at Piper Jaffray Companies issued their Q1 2021 EPS estimates for Trican Well Service in a report released on Sunday, November 10th. Piper Jaffray Companies analyst J. Daniel anticipates that the company will post earnings of ($0.01) per share for the quarter. Piper Jaffray Companies also issued estimates for Trican Well Service’s Q3 2021 earnings at ($0.02) EPS.
Other equities analysts have also issued research reports about the company. National Bank Financial decreased their price target on Trican Well Service from C$1.70 to C$1.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. TD Securities decreased their price target on Trican Well Service from C$1.10 to C$1.00 and set a “hold” rating on the stock in a research note on Friday. Canaccord Genuity decreased their price target on Trican Well Service from C$1.20 to C$1.00 in a research note on Friday, August 16th. CIBC decreased their price target on Trican Well Service from C$1.50 to C$1.25 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their price target on Trican Well Service from C$1.25 to C$1.50 and gave the company a “sector perform” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$1.23.
Shares of TCW traded down C$0.02 during midday trading on Tuesday, hitting C$0.89. The company’s stock had a trading volume of 173,273 shares, compared to its average volume of 1,013,243. Trican Well Service has a one year low of C$0.81 and a one year high of C$1.73. The company’s fifty day simple moving average is C$0.93 and its two-hundred day simple moving average is C$1.09. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $258.78 million and a price-to-earnings ratio of -1.22.
In other news, insider Sime Armoyan acquired 97,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of C$0.93 per share, with a total value of C$90,675.00. Following the acquisition, the insider now directly owns 30,097,500 shares in the company, valued at approximately C$27,990,675.
About Trican Well Service
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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