Trican Well Service (TCW) to Release Earnings on Tuesday

Trican Well Service (TSE:TCW) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The firm had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%.

Trican Well Service Stock Performance

TSE:TCW opened at C$4.45 on Friday. The firm has a market capitalization of C$854.13 million, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.24. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The business’s fifty day moving average price is C$4.79 and its 200 day moving average price is C$4.63.

Trican Well Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, September 13th. Trican Well Service’s dividend payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating on the stock in a report on Friday, October 4th. Cormark raised their price target on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. TD Securities lowered their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a report on Tuesday, October 8th. Raymond James dropped their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada increased their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$5.78.

Insiders Place Their Bets

In other news, Senior Officer Scott Eric Matson bought 27,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of C$4.82 per share, with a total value of C$130,140.00. Over the last three months, insiders have acquired 35,977 shares of company stock valued at $173,559. Company insiders own 0.62% of the company’s stock.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.