Trican Well Service Ltd. (TSE:TCW) Receives C$6.50 Average Target Price from Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$6.50.

A number of equities research analysts have commented on the company. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. TD Securities reduced their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. ATB Capital set a C$7.00 target price on shares of Trican Well Service and gave the company an “outperform” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada upped their target price on shares of Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th.

Trican Well Service Stock Performance

Shares of TCW opened at C$5.85 on Friday. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$6.39. The stock has a market cap of C$1.24 billion, a P/E ratio of 10.45, a PEG ratio of 0.22 and a beta of 0.19. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The company has a 50-day moving average of C$5.72 and a two-hundred day moving average of C$5.65.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%. The business had revenue of C$300.59 million for the quarter.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.8%. Trican Well Service’s dividend payout ratio is presently 35.71%.

Insider Buying and Selling

In other Trican Well Service news, Director Thomas Malcolm Alford purchased 5,000 shares of Trican Well Service stock in a transaction on Friday, October 31st. The shares were bought at an average price of C$5.22 per share, with a total value of C$26,100.00. Following the purchase, the director directly owned 45,000 shares in the company, valued at C$234,900. This trade represents a 12.50% increase in their position. Also, insider Bradley Peter David Fedora acquired 7,550 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of C$5.26 per share, for a total transaction of C$39,713.00. Following the acquisition, the insider directly owned 7,550 shares of the company’s stock, valued at approximately C$39,713. The trade was a ∞ increase in their ownership of the stock. In the last 90 days, insiders have purchased 15,000 shares of company stock worth $78,602. 0.62% of the stock is owned by company insiders.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.