ATB Capital Reiterates C$7.00 Price Target for Trican Well Service (TSE:TCW)

Trican Well Service (TSE:TCW) has been given a C$7.00 target price by investment analysts at ATB Capital in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price objective suggests a potential upside of 10.94% from the stock’s current price.

A number of other brokerages have also recently weighed in on TCW. Royal Bank Of Canada boosted their price objective on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. TD Securities dropped their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Trican Well Service has an average rating of “Moderate Buy” and a consensus price target of C$6.50.

Trican Well Service Stock Up 4.8%

Trican Well Service stock traded up C$0.29 during mid-day trading on Friday, hitting C$6.31. 448,523 shares of the company’s stock were exchanged, compared to its average volume of 527,882. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The stock has a market cap of C$1.34 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.22 and a beta of 0.19. Trican Well Service has a 1-year low of C$3.69 and a 1-year high of C$6.39. The stock has a 50 day moving average of C$5.76 and a two-hundred day moving average of C$5.47.

Trican Well Service (TSE:TCW) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.The business had revenue of C$300.59 million for the quarter.

Insider Buying and Selling

In related news, insider Bradley Peter David Fedora bought 7,550 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the acquisition, the insider owned 7,550 shares in the company, valued at approximately C$39,713. This represents a ∞ increase in their position. Also, Director Thomas Malcolm Alford bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of C$5.22 per share, with a total value of C$26,100.00. Following the transaction, the director directly owned 45,000 shares in the company, valued at C$234,900. This trade represents a 12.50% increase in their ownership of the stock. Over the last three months, insiders bought 15,000 shares of company stock valued at $78,602. 0.62% of the stock is currently owned by insiders.

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.