Trican Well Service (TSE:TCW) Rating Lowered to Market Perform at Raymond James Financial

Trican Well Service (TSE:TCW) was downgraded by research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Tuesday,BayStreet.CA reports.

Several other equities analysts have also issued reports on TCW. ATB Capital set a C$7.00 price target on Trican Well Service and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada increased their target price on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, TD Securities lowered their price target 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and an average price target of C$6.50.

Trican Well Service Price Performance

Shares of TSE:TCW traded down C$0.12 during trading on Tuesday, reaching C$6.09. The company had a trading volume of 265,447 shares, compared to its average volume of 526,530. The company has a fifty day moving average of C$5.76 and a two-hundred day moving average of C$5.51. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.22 and a beta of 0.19. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$6.39.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. The business 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 Transactions at Trican Well Service

In related news, insider Bradley Peter David Fedora acquired 7,550 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the purchase, the insider directly owned 7,550 shares of the company’s stock, valued at approximately C$39,713. This trade represents a ∞ increase in their ownership of the stock. Also, Director Thomas Malcolm Alford acquired 5,000 shares of the company’s stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the purchase, the director directly owned 45,000 shares of the company’s stock, valued at C$234,900. This trade represents a 12.50% increase in their ownership of the stock. Over the last 90 days, insiders bought 15,000 shares of company stock worth $78,602. 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.