Trican Well Service Ltd. (TSE:TCW) Receives C$6.50 Consensus Price Target from Analysts

Trican Well Service Ltd. (TSE:TCW) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$6.50.

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

Insider Activity at Trican Well Service

In other Trican Well Service news, insider Bradley Peter David Fedora acquired 7,550 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of C$5.26 per share, for a total transaction of C$39,713.00. Following the completion of the transaction, the insider owned 7,550 shares of the company’s stock, valued at C$39,713. The trade was a ? increase in their position. Also, Director Thomas Malcolm Alford bought 5,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were bought 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 directly owned 45,000 shares in the company, valued at approximately C$234,900. This represents a 12.50% increase in their position. Insiders bought a total of 15,000 shares of company stock valued at $78,602 over the last three months. Insiders own 0.62% of the company’s stock.

Trican Well Service Price Performance

Shares of TCW opened at C$6.78 on Tuesday. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$6.85. The firm has a 50-day simple moving average of C$6.01 and a 200-day simple moving average of C$5.84. The company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.22 and a beta of 0.04.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 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 during the quarter.

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.055 per share. The ex-dividend date was Friday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.2%. Trican Well Service’s payout ratio is presently 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.