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

Trican Well Service Ltd. (TSE:TCW) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$5.81.

A number of equities analysts have recently issued reports on the company. Raymond James upped their price target on Trican Well Service from C$4.50 to C$5.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. BMO Capital Markets cut 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 report on Friday, October 4th. TD Securities cut their target price on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Tuesday, October 8th. Cormark upped their price target on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, Royal Bank of Canada upped their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.

Insider Transactions at Trican Well Service

In other news, Senior Officer Scott Eric Matson bought 27,000 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired 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 in the last ninety days. 0.62% of the stock is currently owned by corporate insiders.

Trican Well Service Stock Performance

The business’s 50-day simple moving average is C$4.87 and its two-hundred day simple moving average is C$4.61. The firm has a market capitalization of C$923.59 million, a P/E ratio of 8.12, a PEG 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 has a 12-month low of C$3.79 and a 12-month high of C$5.24.

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

Trican Well Service Announces Dividend

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

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.