Trican Well Service (TSE:TCW) Given New C$8.00 Price Target at National Bank Financial

Trican Well Service (TSE:TCW) had its target price upped by stock analysts at National Bank Financial from C$6.50 to C$8.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 22.32% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. TD Securities lowered their price objective on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, October 29th. ATB Cormark Capital Markets set a C$7.00 price objective on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Trican Well Service has an average rating of “Moderate Buy” and a consensus price target of C$6.75.

Trican Well Service Trading Down 6.0%

TSE TCW traded down C$0.42 during trading on Friday, reaching C$6.54. 818,798 shares of the stock traded hands, compared to its average volume of 699,204. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$7.34. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.22 and a beta of 0.31. The stock’s 50-day moving average price is C$6.42 and its 200 day moving average price is C$6.02.

Trican Well Service (TSE:TCW) last posted its earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%. The company had revenue of C$322.73 million for 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.