FY2018 EPS Estimates for Trican Well Service Ltd Raised by National Bank Financial (TCW)

Trican Well Service Ltd (TSE:TCW) – Equities researchers at National Bank Financial boosted their FY2018 earnings per share estimates for Trican Well Service in a research note issued to investors on Monday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings per share of $0.35 for the year, up from their previous estimate of $0.34. National Bank Financial currently has a “Outperform” rating and a $7.50 target price on the stock.

TCW has been the topic of several other reports. TD Securities cut their target price on shares of Trican Well Service from C$5.50 to C$4.50 and set a “hold” rating on the stock in a research note on Tuesday. CIBC increased their target price on shares of Trican Well Service from C$5.75 to C$6.25 in a research note on Friday, October 20th. BMO Capital Markets increased their target price on shares of Trican Well Service from C$4.50 to C$7.00 in a research note on Friday, November 3rd. Canaccord Genuity increased their target price on shares of Trican Well Service from C$6.00 to C$7.25 in a research note on Friday, November 3rd. Finally, GMP Securities increased their target price on shares of Trican Well Service from C$5.00 to C$7.00 in a research note on Wednesday, September 20th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$6.28.

Shares of Trican Well Service (TSE TCW) traded down C$0.22 during midday trading on Wednesday, reaching C$3.83. 2,934,442 shares of the company traded hands, compared to its average volume of 1,947,580. Trican Well Service has a fifty-two week low of C$3.11 and a fifty-two week high of C$5.59.

In related news, insider David R. Jones sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of C$4.59, for a total transaction of C$229,500.00. Also, insider Etienne Poulin sold 9,867 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$4.18, for a total transaction of C$41,244.06.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/13/fy2018-eps-estimates-for-trican-well-service-ltd-raised-by-national-bank-financial-tcw.html.

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.

Earnings History and Estimates for Trican Well Service (TSE:TCW)

Receive News & Ratings for Trican Well Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply