Trican Well Service (TSE:TCW) Director Thomas Malcolm Alford Acquires 5,000 Shares of Stock

Trican Well Service Ltd. (TSE:TCW) Director Thomas Malcolm Alford acquired 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of C$5.88 per share, with a total value of C$29,400.00. Following the acquisition, the director owned 50,000 shares in the company, valued at approximately C$294,000. This trade represents a 11.11% increase in their ownership of the stock.

Trican Well Service Stock Down 0.7%

Shares of TCW opened at C$5.88 on Wednesday. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.22 and a beta of -0.41. Trican Well Service Ltd. has a 52 week low of C$5.19 and a 52 week high of C$8.40. The stock’s 50-day moving average price is C$6.84 and its 200-day moving average price is C$7.00. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 3.24.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%. The company had revenue of C$214.60 million for the quarter.

Trican Well Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Trican Well Service’s payout ratio is 51.16%.

Analyst Upgrades and Downgrades

TCW has been the topic of a number of recent analyst reports. BMO Capital Markets raised shares of Trican Well Service from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$7.00 to C$9.00 in a report on Tuesday, May 12th. Raymond James Financial cut their price target on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a research note on Thursday, July 30th. TD Securities upgraded Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets upped their target price on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Trican Well Service currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.71.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.