The Trican Well Service Ltd to Post Q4 2017 Earnings of $0.06 Per Share, National Bank Financial Forecasts (TCW)

The Trican Well Service Ltd to Post Q4 2017 Earnings of $0.06 Per Share, National Bank Financial Forecasts (TCW)

Trican Well Service Ltd (TSE:TCW) – Stock analysts at National Bank Financial dropped their Q4 2017 earnings per share estimates for Trican Well Service in a research note issued on Tuesday, Zacks Investment Research reports. National Bank Financial analyst G. Colman now expects that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.07. 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 FY2018 earnings at $0.19 EPS.

Several other brokerages also recently commented on TCW. Scotiabank lifted their target price on shares of Trican Well Service from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Royal Bank of Canada lifted their target price on shares of Trican Well Service from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. CIBC raised shares of Trican Well Service from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 18th. AltaCorp Capital raised shares of Trican Well Service from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 4th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$6.15 target price on shares of Trican Well Service in a report on Wednesday, January 18th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Trican Well Service presently has an average rating of “Buy” and an average price target of C$6.06.

Trican Well Service (TSE:TCW) traded up 0.23% during midday trading on Friday, reaching $4.29. 582,610 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $4.05 and a 200 day moving average price of $4.24. Trican Well Service has a 52 week low of $1.50 and a 52 week high of $5.59. The company’s market cap is $830.65 million. In other news, Director Gilbert Allen Brooks bought 12,000 shares of the company’s stock in a transaction dated Thursday, March 23rd. The stock was bought at an average cost of C$3.66 per share, for a total transaction of C$43,920.00. Also, insider Wilks Brothers, Llc bought 2,000,000 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was purchased at an average price of C$3.60 per share, with a total value of C$7,200,000.00. Insiders acquired a total of 2,712,000 shares of company stock valued at $9,742,920 in the last three months.

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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