Trican Well Service Ltd. (TSE:TCW) to Post FY2021 Earnings of $0.05 Per Share, Raymond James Forecasts

Trican Well Service Ltd. (TSE:TCW) – Raymond James boosted their FY2021 EPS estimates for shares of Trican Well Service in a report issued on Tuesday, October 12th. Raymond James analyst A. Bradford now anticipates that the company will post earnings per share of $0.05 for the year, up from their previous forecast of $0.01. Raymond James currently has a “Strong-Buy” rating and a $4.15 price objective on the stock.

TCW has been the topic of several other research reports. BMO Capital Markets reissued a “strong-buy” rating on shares of Trican Well Service in a report on Wednesday, September 15th. ATB Capital reissued a “buy” rating on shares of Trican Well Service in a report on Thursday, September 16th. National Bankshares boosted their target price on Trican Well Service from C$3.25 to C$3.50 and gave the stock a “sector perform” rating in a report on Friday, July 30th. TD Securities boosted their target price on Trican Well Service from C$2.75 to C$3.00 and gave the stock a “hold” rating in a report on Friday, July 30th. Finally, National Bank Financial lifted their price target on shares of Trican Well Service from C$3.25 to C$3.50 and gave the stock a “sector perform” rating in a research report on Friday, July 30th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$3.12.

Shares of TSE:TCW opened at C$3.28 on Thursday. Trican Well Service has a 12 month low of C$1.12 and a 12 month high of C$3.29. The stock has a market cap of C$816.10 million and a price-to-earnings ratio of -15.47. The stock’s 50 day moving average price is C$2.71 and its 200 day moving average price is C$2.50. The company has a debt-to-equity ratio of 2.41, a current ratio of 2.66 and a quick ratio of 2.27.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Tuesday, July 27th. The company reported C($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.07) by C$0.04. The business had revenue of C$93.65 million for the quarter, compared to the consensus estimate of C$81.90 million.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and cement pumpers, bulk equipment, and cement auxiliary equipment.

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

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