Trican Well Service Ltd (TSE:TCW) – Equities researchers at Cormark lowered their Q1 2019 EPS estimates for Trican Well Service in a research note issued on Tuesday, December 4th. Cormark analyst G. Ursu now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for Trican Well Service’s Q3 2019 earnings at $0.07 EPS and FY2019 earnings at $0.04 EPS.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Thursday, November 8th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.06). The firm had revenue of C$253.74 million during the quarter, compared to analyst estimates of C$257.97 million.

TCW has been the topic of a number of other research reports. Royal Bank of Canada downgraded Trican Well Service from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$5.00 to C$3.50 in a report on Thursday, September 20th. Raymond James downgraded Trican Well Service from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$6.25 to C$4.50 in a report on Friday, September 21st. National Bank Financial lowered their price target on Trican Well Service from C$3.50 to C$2.75 and set an “outperform” rating on the stock in a report on Monday. BMO Capital Markets lowered their price target on Trican Well Service from C$3.50 to C$2.00 and set a “hold” rating on the stock in a report on Friday, November 9th. Finally, Evercore ISI cut Trican Well Service from an “outperform” rating to an “in-line” rating and reduced their price objective for the company from C$4.00 to C$3.00 in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$2.96.

Shares of TCW stock opened at C$1.25 on Wednesday. Trican Well Service has a 1-year low of C$1.20 and a 1-year high of C$4.42. The company has a debt-to-equity ratio of 13.90, a current ratio of 2.47 and a quick ratio of 2.00.

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

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