Trican Well Service Ltd. (TSE:TCW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$6.50.

Several equities research analysts have recently weighed in on TCW shares. ATB Capital set a C$7.00 target price on shares of Trican Well Service and gave the stock an “outperform” rating in a research note on Friday, December 5th. TD Securities reduced their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Raymond James Financial downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada boosted their target price on 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 Price Performance

Shares of TSE TCW opened at C$6.73 on Tuesday. The stock has a market cap of C$1.43 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.22 and a beta of 0.04. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$6.85. The stock has a 50 day moving average of C$5.98 and a two-hundred day moving average of C$5.84. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89.

Trican Well Service (TSE:TCW) last announced its 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 was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 12th. Trican Well Service’s payout ratio is currently 35.71%.

Insiders Place Their Bets

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

Trican Well Service Company Profile

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.