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

Shares of Trican Well Service Ltd. (TSE:TCW) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$6.50.

Several research analysts recently weighed in on TCW shares. ATB Capital set a C$7.00 target price on shares of Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Royal Bank Of Canada upped their price objective on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, TD Securities lowered their price target on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Wednesday, October 29th.

Trican Well Service Trading Up 1.5%

Trican Well Service stock opened at C$6.01 on Friday. The firm has a 50 day moving average of C$5.73 and a 200 day moving average of C$5.66. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.22 and a beta of 0.19. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$6.39. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The business had revenue of C$300.59 million for the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%.

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, December 12th. Trican Well Service’s payout ratio is 35.71%.

Insider Buying and Selling at Trican Well Service

In related news, insider Bradley Peter David Fedora purchased 7,550 shares of Trican Well Service stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of C$5.26 per share, for a total transaction of C$39,713.00. Following the acquisition, the insider owned 7,550 shares in the company, valued at approximately C$39,713. The trade was a ? increase in their position. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average price of C$5.22 per share, for a total transaction of C$26,100.00. Following the purchase, the director owned 45,000 shares in the company, valued at approximately C$234,900. This represents a 12.50% increase in their ownership of the stock. Insiders have purchased 15,000 shares of company stock valued at $78,602 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.

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.