Trican Well Service Ltd. (TSE:TCW) Receives C$6.50 Consensus PT from Brokerages

Trican Well Service Ltd. (TSE:TCW) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.50.

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

Insider Activity

In other news, insider Bradley Peter David Fedora purchased 7,550 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the completion of the transaction, the insider owned 7,550 shares in the company, valued at C$39,713. This represents a ∞ increase in their position. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the stock in a transaction dated Friday, October 31st. The stock was 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 acquisition, the director directly owned 45,000 shares in the company, valued at approximately C$234,900. This represents a 12.50% increase in their position. Over the last three months, insiders have acquired 15,000 shares of company stock valued at $78,602. Insiders own 0.62% of the company’s stock.

Trican Well Service Price Performance

TCW opened at C$6.01 on Friday. The company has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 10.73, 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. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$6.39. The business’s fifty day simple moving average is C$5.73 and its 200-day simple moving average is C$5.66.

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

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, December 12th. Trican Well Service’s payout ratio is 35.71%.

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.