Trican Well Service Ltd to Post Q1 2019 Earnings of $0.01 Per Share, Cormark Forecasts (TCW)
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.
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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