Trican Well Service (TCW) to Release Quarterly Earnings on Tuesday

Trican Well Service (TSE:TCW) is set to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%.

Trican Well Service Stock Performance

Shares of TCW stock opened at C$4.45 on Monday. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.24. The firm’s 50-day simple moving average is C$4.79 and its two-hundred day simple moving average is C$4.63. The firm has a market cap of C$854.13 million, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60.

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were paid a $0.045 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.18 annualized dividend and a yield of 4.04%. Trican Well Service’s payout ratio is 31.58%.

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets lowered their target price on Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Royal Bank of Canada upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Securities decreased their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Tuesday, October 8th. Cormark lifted their price objective on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Finally, Raymond James decreased their target price on Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and an average price target of C$5.78.

Insider Activity at Trican Well Service

In other news, Senior Officer Scott Eric Matson acquired 27,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of C$4.82 per share, with a total value of C$130,140.00. Insiders have bought a total of 35,977 shares of company stock valued at $173,559 over the last 90 days. 0.62% of the stock is owned by insiders.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.