Piper Jaffray Companies Analysts Lower Earnings Estimates for Trican Well Service Ltd (TCW)
Trican Well Service Ltd (TSE:TCW) – Stock analysts at Piper Jaffray Companies decreased their Q3 2018 earnings per share (EPS) estimates for shares of Trican Well Service in a note issued to investors on Wednesday, August 15th. Piper Jaffray Companies analyst J. Daniel now forecasts that the company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.07. Piper Jaffray Companies also issued estimates for Trican Well Service’s Q4 2018 earnings at $0.04 EPS, FY2018 earnings at ($0.10) EPS, Q2 2019 earnings at ($0.06) EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.18 EPS and FY2020 earnings at $0.24 EPS.
Trican Well Service (TSE:TCW) last released its quarterly earnings results on Wednesday, August 1st. The company reported C($0.10) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.02). Trican Well Service had a return on equity of 4.77% and a net margin of 4.99%. The firm had revenue of C$171.99 million for the quarter, compared to analysts’ expectations of C$172.68 million.
Trican Well Service stock opened at C$2.91 on Monday. Trican Well Service has a fifty-two week low of C$2.62 and a fifty-two week high of C$5.34.
About Trican Well Service
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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