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

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

Several research analysts have issued reports on the company. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada increased 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 note on Thursday, October 9th. TD Securities cut 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 report on Wednesday, October 29th. Finally, ATB Capital set a C$7.00 target price on shares of Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th.

Insiders Place Their Bets

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

Trican Well Service Trading Down 0.7%

TSE:TCW opened at C$5.85 on Friday. The company has a market cap of C$1.24 billion, a PE 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. The company has a 50 day simple moving average of C$5.71 and a two-hundred day simple moving average of C$5.62. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$6.39.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$0.15 earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.The firm had revenue of C$300.59 million for the quarter.

Trican Well Service Announces Dividend

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

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.