Insider Buying: Trican Well Service (TSE:TCW) Director Purchases C$29,400.00 in Stock

Trican Well Service Ltd. (TSE:TCW) Director Thomas Malcolm Alford purchased 5,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of C$5.88 per share, with a total value of C$29,400.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at C$294,000. This represents a 11.11% increase in their ownership of the stock.

Trican Well Service Stock Performance

TCW stock opened at C$6.01 on Friday. The company has a 50 day moving average price of C$6.78 and a 200 day moving average price of C$7.00. Trican Well Service Ltd. has a fifty-two week low of C$5.19 and a fifty-two week 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. The stock has a market capitalization of C$1.26 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.22 and a beta of -0.46.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$214.60 million during 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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.055 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.22 annualized dividend and a yield of 3.7%. Trican Well Service’s dividend payout ratio (DPR) is currently 51.16%.

Analyst Ratings Changes

Several brokerages have weighed in on TCW. Royal Bank Of Canada boosted their price objective on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets raised their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. Raymond James Financial dropped their price target 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 note on Thursday, July 30th. Finally, TD Securities upgraded shares of 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, Trican Well Service presently has a consensus rating of “Moderate Buy” and a consensus 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.