Trican Well Service (TOLWF) Expected to Announce Quarterly Earnings on Tuesday

Trican Well Service (OTCMKTS:TOLWF – Get Free Report) will likely be issuing its results after the market closes on Tuesday, October 27th. Analysts expect Trican Well Service to post earnings of $0.1457 per share and revenue of $244.92 million for the quarter.

Trican Well Service Stock Performance

Shares of OTCMKTS TOLWF opened at $4.60 on Tuesday. The firm’s 50-day moving average price is $4.47 and its 200-day moving average price is $4.82. Trican Well Service has a 12-month low of $3.70 and a 12-month high of $6.00.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Trican Well Service from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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Trican Well Service Company Profile

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Trican Well Service Ltd. is a Canadian oilfield services company that provides equipment and technical services used in the drilling, completion and production of oil and natural gas wells. The company primarily serves exploration and production companies operating in Western Canada.

Its service offerings include hydraulic fracturing, cementing, coiled tubing, nitrogen services, acidizing and other well-stimulation and completion services. These activities support the development of conventional and unconventional resources, including horizontal wells, by helping operators complete wells and improve production.

Founded in 1979 and headquartered in Calgary, Alberta, Trican has built its operations around the Canadian energy market, with a focus on the Western Canadian Sedimentary Basin.

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