Trican Well Service (TCW), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. BMO Capital’s analyst Michael Mazar reiterates their Hold rating on the shares, with a C$1.75 price target.
According to TipRanks.com, Mazar is ranked #3970 out of 5194 analysts.
Trican Well Service has an analyst consensus of Moderate Buy, with a price target consensus of C$2.25, implying a 61.9% upside from current levels. In a report issued on February 19, RBC Capital also maintained a Hold rating on the stock with a C$2 price target.
.
Based on Trican Well Service’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$12.57 million. In comparison, last year the company had a net profit of C$11.56 million.
Trican Well Service Ltd. engages in the provision of products, equipment, and services used during the exploration and development of oil and natural gas reserves. It services include acidizing and production enhancement, carbon dioxide, cementing, coiled tubing, fracturing, geological, completion systems and downhole tool services, nitrogen and industrial services. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.
The company’s shares closed on Thursday at C$1.39, close to its 52-week low of C$0.96.
