Trican Well Service Ltd. (TSE:TCW) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$7.71.

Several research firms have commented on TCW. Raymond James Financial decreased their target price on shares of Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a research report on Thursday, July 30th. TD Securities upgraded Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th.

Trican Well Service Stock Performance

TCW stock opened at C$6.84 on Thursday. 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 stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.22 and a beta of -0.29. Trican Well Service has a 1 year low of C$5.19 and a 1 year high of C$8.40. The stock’s fifty day moving average is C$6.29 and its two-hundred day moving average is C$6.76.

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

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.0550 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 15th. Trican Well Service’s payout ratio is 51.16%.

Insider Buying and Selling at Trican Well Service

In other Trican Well Service news, Director Stuart O’connor purchased 20,000 shares of the stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of C$6.05 per share, with a total value of C$121,000.00. Following the completion of the acquisition, the director owned 26,250 shares of the company’s stock, valued at approximately C$158,812.50. This trade represents a 320.00% increase in their ownership of the stock. Also, Director Thomas Malcolm Alford acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$294,000. This represents a 11.11% increase in their ownership of the stock. In the last three months, insiders bought 26,000 shares of company stock valued at $156,220. Company insiders own 0.62% of the company’s stock.

Trican Well Service Company Profile

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.