Trican Well Service (TSE:TCW) Shares Down 2.4%

Shares of Trican Well Service Ltd. (TSE:TCW) dropped 2.4% on Friday . The company traded as low as C$4.78 and last traded at C$4.78. Approximately 35,000 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 712,658 shares. The stock had previously closed at C$4.90.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Securities boosted their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Raymond James upped their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Cormark lifted their price target on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, BMO Capital Markets upped their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$5.91.

Trican Well Service Trading Down 2.2 %

The firm has a fifty day moving average price of C$4.90 and a 200-day moving average price of C$4.55. The company has a market capitalization of C$955.51 million, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.22 and a beta of 1.75. 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 (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. The firm had revenue of C$211.81 million for the quarter, compared to analyst estimates of C$191.10 million. As a group, equities analysts anticipate that Trican Well Service Ltd. will post 0.6423841 EPS for the current year.

Trican Well Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, September 13th. Trican Well Service’s dividend payout ratio is currently 31.58%.

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson purchased 27,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of C$4.82 per share, for a total transaction of C$130,140.00. In the last quarter, insiders purchased 35,977 shares of company stock worth $173,559. Insiders own 0.60% of the company’s stock.

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.