Trican Well Service Ltd. (TSE:TCW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$5.91.

A number of research firms recently issued reports on TCW. TD Securities increased their target price on Trican Well Service from C$4.50 to C$5.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Raymond James increased their price objective on shares of 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. Royal Bank of Canada boosted their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Cormark lifted their price target on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Finally, BMO Capital Markets lifted their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st.

Trican Well Service Stock Performance

Shares of Trican Well Service stock opened at C$5.06 on Monday. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.33. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60. The stock has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.22 and a beta of 1.76. The firm has a fifty day moving average of C$4.90 and a two-hundred day moving average of C$4.49.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%. The business had revenue of C$211.81 million for the quarter, compared to the consensus estimate of C$191.10 million. As a group, equities research analysts predict that Trican Well Service will post 0.520202 EPS for the current year.

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, September 13th. This represents a $0.18 dividend on an annualized basis and a yield of 3.56%. Trican Well Service’s dividend payout ratio (DPR) is 31.58%.

Insider Transactions at Trican Well Service

In related news, Senior Officer Scott Eric Matson acquired 27,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$4.82 per share, for a total transaction of C$130,140.00. 0.60% of the stock is currently owned by corporate insiders.

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.