Trican Well Service Ltd. (TSE:TCW) Receives C$7.71 Average PT from Analysts

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

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

Trican Well Service Trading Down 1.5%

Shares of Trican Well Service stock opened at C$6.40 on Wednesday. The stock has a market cap of C$1.34 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.22 and a beta of -0.46. The stock’s 50 day simple moving average is C$6.36 and its 200-day simple moving average is C$6.89. 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 debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75.

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

Trican Well Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, September 15th. Trican Well Service’s payout ratio is presently 51.16%.

Insider Buying and Selling at Trican Well Service

In other news, Director Thomas Malcolm Alford purchased 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of C$5.88 per share, with a total value of C$29,400.00. Following the purchase, the director directly owned 50,000 shares in the company, valued at approximately C$294,000. This represents a 11.11% increase in their position. 0.62% of the stock is currently owned by company insiders.

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.