Trican Well Service (TSE:TCW) Director Buys C$121,000.00 in Stock

Trican Well Service Ltd. (TSE:TCW) Director Stuart O’connor acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of C$6.05 per share, for a total transaction of C$121,000.00. Following the completion of the transaction, the director owned 26,250 shares of the company’s stock, valued at C$158,812.50. The trade was a 320.00% increase in their position.

Trican Well Service Price Performance

TCW traded up C$0.03 on Wednesday, reaching C$5.98. The company had a trading volume of 468,902 shares, compared to its average volume of 716,234. Trican Well Service Ltd. has a 52-week low of C$5.19 and a 52-week high of C$8.40. The company has a market cap of C$1.25 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.22 and a beta of -0.27. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.75 and a current ratio of 1.77. The business has a 50 day simple moving average of C$6.20 and a 200 day simple moving average of C$6.81.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$214.60 million during the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.0550 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Trican Well Service’s payout ratio is currently 51.16%.

Analyst Ratings Changes

A number of research analysts recently commented on TCW shares. Raymond James Financial reduced their target price on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. TD Securities upgraded Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trican Well Service has a consensus rating of “Moderate Buy” and an average target price of C$7.71.

About Trican Well Service

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.