Trican Well Service Ltd. (TSE:TCW) Receives Average Rating of “Moderate Buy” from Brokerages

Trican Well Service Ltd. (TSE:TCW) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$7.71.

A number of equities analysts have issued reports on the company. Raymond James Financial decreased their price objective on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a report on Thursday, July 30th. TD Securities upgraded shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. ATB Cormark Capital Markets upped their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$7.00 to C$9.00 in a report on Tuesday, May 12th.

Trican Well Service Trading Up 1.0%

Shares of TCW opened at C$6.25 on Friday. Trican Well Service has a 1-year low of C$5.19 and a 1-year high of C$8.40. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. The firm’s 50-day moving average price is C$6.61 and its 200-day moving average price is C$6.98. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.22 and a beta of -0.46.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 15th. Trican Well Service’s dividend payout ratio (DPR) is 51.16%.

Insider Buying and Selling at Trican Well Service

In related news, Director Thomas Malcolm Alford purchased 5,000 shares of Trican Well Service stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at C$294,000. The trade was a 11.11% increase in their ownership of the stock. 0.62% of the stock is owned by insiders.

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.