Trican Well Service Ltd (TCW) Expected to Post FY2017 Earnings of $0.07 Per Share
Trican Well Service Ltd (TSE:TCW) – Research analysts at Cormark issued their FY2017 earnings per share estimates for shares of Trican Well Service in a report issued on Monday. Cormark analyst J. Zhang forecasts that the company will post earnings per share of $0.07 for the year. Cormark also issued estimates for Trican Well Service’s Q4 2017 earnings at $0.11 EPS, Q2 2018 earnings at ($0.03) EPS and FY2018 earnings at $0.16 EPS.
Several other equities research analysts have also recently weighed in on the stock. CIBC raised shares of Trican Well Service from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 18th. AltaCorp Capital raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$7.00 price objective on shares of Trican Well Service in a research report on Monday, June 5th. Scotiabank reaffirmed an “outperform” rating and set a C$7.00 price objective on shares of Trican Well Service in a research report on Thursday, May 4th. Finally, Canaccord Genuity cut their price objective on shares of Trican Well Service from C$6.00 to C$4.50 in a research report on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$5.99.
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Shares of Trican Well Service (TSE TCW) opened at 3.46 on Wednesday. Trican Well Service has a 12 month low of $2.09 and a 12 month high of $5.59. The company’s 50 day moving average is $3.52 and its 200-day moving average is $4.09. The firm’s market cap is $838.24 million.
About Trican Well Service
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia.
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