Cormark Research Analysts Cut Earnings Estimates for Trican Well Service Ltd (TCW)
Trican Well Service Ltd (TSE:TCW) – Research analysts at Cormark cut their FY2018 earnings per share estimates for Trican Well Service in a research report issued to clients and investors on Tuesday, December 4th. Cormark analyst G. Ursu now expects that the company will earn ($0.33) per share for the year, down from their prior forecast of ($0.26). Cormark also issued estimates for Trican Well Service’s Q4 2018 earnings at ($0.10) EPS and Q2 2019 earnings at ($0.10) EPS.
Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Thursday, November 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.06). The company had revenue of C$253.74 million for the quarter, compared to analysts’ expectations of C$257.97 million.
TSE TCW opened at C$1.30 on Thursday. Trican Well Service has a 52-week low of C$1.18 and a 52-week high of C$4.42. The company has a debt-to-equity ratio of 13.90, a quick ratio of 2.00 and a current ratio of 2.47.
Trican Well Service Company Profile
Trican Well Service Ltd., an oilfield 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. It offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, 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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