Trican Well Service Ltd. (TSE:TCW) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$6.50.

TCW has been the subject of a number of analyst reports. ATB Capital set a C$7.00 price objective on Trican Well Service and gave the stock an “outperform” rating in a research note on Friday, December 5th. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada increased their price target on shares of Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, TD Securities lowered their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th.

Trican Well Service Stock Performance

TSE:TCW opened at C$5.85 on Friday. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 0.22 and a beta of 0.19. 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 1 year low of C$3.69 and a 1 year high of C$6.39. The firm has a 50 day moving average of C$5.71 and a 200-day moving average of C$5.62.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The firm 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be given a $0.055 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.8%. Trican Well Service’s payout ratio is currently 35.71%.

Insider Activity at Trican Well Service

In related news, Director Thomas Malcolm Alford purchased 5,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the purchase, the director owned 45,000 shares in the company, valued at C$234,900. This represents a 12.50% increase in their position. Also, insider Bradley Peter David Fedora acquired 7,550 shares of the stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the transaction, the insider directly owned 7,550 shares of the company’s stock, valued at C$39,713. This represents a ∞ increase in their ownership of the stock. Insiders have acquired a total of 15,000 shares of company stock worth $78,602 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

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.