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

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

A number of equities research analysts have issued reports on the company. TD Securities reduced their price target on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. ATB Capital set a C$7.00 price target on shares of Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of 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.

Trican Well Service Price Performance

Trican Well Service stock opened at C$6.28 on Tuesday. 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 52-week low of C$3.69 and a 52-week high of C$6.44. The firm has a market cap of C$1.33 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.22 and a beta of 0.04. The company’s 50 day moving average is C$5.89 and its two-hundred day moving average is C$5.81.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, October 28th. The company reported C$0.15 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, December 12th. Trican Well Service’s payout ratio is 35.71%.

Insider Transactions at Trican Well Service

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

Trican Well Service Company Profile

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.