Trican Well Service Ltd. (TSE:TCW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Trican Well Service Ltd. (TSE:TCW) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$6.50.

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. TD Securities reduced their target price 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. ATB Capital set a C$7.00 target price on Trican Well Service and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, Raymond James Financial cut shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Trican Well Service Stock Performance

Shares of TSE:TCW opened at C$5.85 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$6.39. The company has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.22 and a beta of 0.19. The firm’s 50-day moving average is C$5.71 and its 200 day moving average is C$5.62.

Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business 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%.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, December 12th. Trican Well Service’s dividend payout ratio is currently 35.71%.

Insider Buying and Selling

In related news, insider Bradley Peter David Fedora bought 7,550 shares of Trican Well Service stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the completion of the transaction, the insider owned 7,550 shares in the company, valued at C$39,713. The trade was a ∞ increase in their position. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of C$5.22 per share, with a total value of C$26,100.00. Following the acquisition, the director directly owned 45,000 shares of the company’s stock, valued at C$234,900. This trade represents a 12.50% increase in their position. Over the last ninety days, insiders have bought 15,000 shares of company stock worth $78,602. Corporate insiders own 0.62% of the company’s stock.

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.