Today, an analyst has provided a rating update for the Materials sector company, Trican Well Service (TCW). Analyst Kurt Hallead from RBC Capital rated Trican Well Service (TCW) a Hold, setting a C$2 price target.
According to TipRanks.com, Hallead has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.8% and a 34.4% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Covia Holdings Corporation, and Oceaneering International.
Trican Well Service has an analyst consensus of Hold, with a price target consensus of C$2.17.
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 Monday at C$1.32, close to its 52-week low of C$0.96.
