Trican Well Service (TSE:TCW) PT Set at C$7.00 by ATB Capital

Trican Well Service (TSE:TCW) has been assigned a C$7.00 target price by investment analysts at ATB Capital in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 10.94% from the company’s previous close.

Several other research analysts have also commented on the company. Royal Bank Of Canada lifted their target price on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. TD Securities reduced their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$6.50.

Trican Well Service Stock Up 4.8%

Shares of TCW traded up C$0.29 during trading on Friday, reaching C$6.31. The company’s stock had a trading volume of 448,523 shares, compared to its average volume of 527,882. The company has a market cap of C$1.34 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.22 and a beta of 0.19. The company has a fifty day moving average of C$5.76 and a two-hundred day moving average of C$5.47. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$6.39.

Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$300.59 million during the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%.

Insider Buying and Selling

In other news, Director Thomas Malcolm Alford acquired 5,000 shares of Trican Well Service stock in a transaction on Friday, October 31st. The stock was bought at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the purchase, the director owned 45,000 shares of the company’s stock, valued at C$234,900. This represents a 12.50% increase in their ownership of the stock. Also, insider Bradley Peter David Fedora bought 7,550 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of C$5.26 per share, with a total value of C$39,713.00. Following the completion of the acquisition, the insider owned 7,550 shares of the company’s stock, valued at approximately C$39,713. This trade represents a ? increase in their ownership of the stock. Insiders have purchased 15,000 shares of company stock valued at $78,602 over the last 90 days. 0.62% of the stock is currently owned by insiders.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.