FY2017 EPS Estimates for Trican Well Service Ltd Lowered by Analyst (TCW)
Trican Well Service Ltd (TSE:TCW) – Research analysts at National Bank Financial lowered their FY2017 earnings per share (EPS) estimates for Trican Well Service in a note issued to investors on Monday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $0.09 per share for the year, down from their previous forecast of $0.12. National Bank Financial currently has a “Outperform” rating and a $7.50 target price on the stock. National Bank Financial also issued estimates for Trican Well Service’s Q4 2017 earnings at $0.07 EPS.
A number of other analysts also recently commented on the stock. J P Morgan Chase & Co boosted their target price on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. GMP Securities upped their price objective on shares of Trican Well Service from C$5.00 to C$7.00 in a report on Wednesday, September 20th. CIBC dropped their target price on shares of Trican Well Service from C$6.75 to C$6.25 in a research report on Tuesday. Canaccord Genuity increased their price objective on shares of Trican Well Service from C$6.00 to C$7.25 in a report on Friday, November 3rd. Finally, TD Securities lowered shares of Trican Well Service from a “buy” rating to a “hold” rating and reduced their target price for the company from C$6.00 to C$5.50 in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$6.28.
In related news, insider David R. Jones sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of C$4.59, for a total value of C$229,500.00. Also, insider Etienne Poulin sold 9,867 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$4.18, for a total value of C$41,244.06.
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Trican Well Service Company Profile
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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