Trican Well Service (TSE:TCW) Rating Lowered to “Hold” at Raymond James Financial

Trican Well Service (TSE:TCW) was downgraded by Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

A number of other research analysts have also recently issued reports on TCW. ATB Capital set a C$7.00 price objective on shares of Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. TD Securities dropped their price target on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada lifted their price target on Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.50.

Trican Well Service Trading Up 0.3%

TSE TCW opened at C$6.04 on Tuesday. The company has a market cap of C$1.28 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.22 and a beta of 0.19. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$6.39. The business has a 50 day moving average price of C$5.75 and a 200-day moving average price of C$5.52. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

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

Insider Activity

In other Trican Well Service news, insider Bradley Peter David Fedora bought 7,550 shares of Trican Well Service stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the completion of the acquisition, the insider directly owned 7,550 shares in the company, valued at approximately C$39,713. The trade was a ∞ increase in their position. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the transaction, the director directly owned 45,000 shares of the company’s stock, valued at C$234,900. The trade was a 12.50% increase in their position. In the last quarter, insiders acquired 15,000 shares of company stock valued at $78,602. Company insiders own 0.62% of the company’s stock.

Trican Well Service Company Profile

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.