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Trican Well Service (TSE:TCW) had its price target decreased by investment analysts at CIBC from C$1.50 to C$0.75 in a research report issued on Monday, StockTargetPrices.com reports. The brokerage presently has a “sector underperform” rating on the stock. CIBC’s target price would indicate a potential downside of 27.88% from the stock’s current price.
Trican Well Service (TSE:TCW) traded down 3.85% during mid-day trading on Monday, hitting $1.00. The stock had a trading volume of 1,548,762 shares. Trican Well Service has a 1-year low of $0.92 and a 1-year high of $13.58. The firm’s 50-day moving average price is $1.58 and its 200-day moving average price is $3.33. The stock’s market cap is $148.92 million.
Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.01. On average, equities analysts expect that Trican Well Service will post ($2.45) earnings per share for the current year.
A number of other brokerages have also weighed in on TCW. Canaccord Genuity cut their price objective on shares of Trican Well Service from C$4.50 to C$1.80 and set a “hold” rating for the company in a research report on Monday, August 17th. BMO Capital Markets downgraded shares of Trican Well Service to an “underperform” rating and set a C$2.00 target price for the company. in a report on Monday, August 17th. RBC Capital dropped their price objective on shares of Trican Well Service from C$7.50 to C$4.00 and set an “outperform” rating for the company in a report on Monday, August 17th. Scotiabank decreased their target price on shares of Trican Well Service from C$3.50 to C$2.50 and set a “sector perform” rating on the stock in a research report on Monday, August 17th. Finally, Paradigm Capital raised shares of Trican Well Service from a “hold” rating to a “buy” rating and reduced their price objective for the stock from C$5.00 to C$1.75 in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$3.84.
Trican Well Service Ltd. is a Canada-based oilfield services company. The Firm provides specialized goods, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the USA and International operations, made up of Russia, Kazakhstan, Australia, Colombia, Saudi Arabia and Norway. The Business has three operating sections: the USA, Canada and International. The Canadian businesses supplies cementing, fracturing, coiled tubing, nitrogen, geological, acidizing, reservoir management, industrial cleaning and pipeline, and finish systems and downhole tool services. The United States operations supplies cementing, fracturing, coiled tubing, nitrogen, acidizing and end systems and downhole tool services. The International businesses supplies nitrogen, fracturing, coiled tube, acidizing, cementing, and completion systems and downhole tool services.