Scott Eric Matson Buys 15,000 Shares of Trican Well Service Ltd. (TSE:TCW) Stock

Trican Well Service Ltd. (TSE:TCW) Senior Officer Scott Eric Matson bought 15,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of C$4.33 per share, with a total value of C$64,950.00.

Trican Well Service Trading Down 0.5 %

Shares of TSE:TCW traded down C$0.02 during mid-day trading on Monday, reaching C$4.25. 812,787 shares of the company’s stock were exchanged, compared to its average volume of 943,043. The firm has a market capitalization of C$899.85 million, a price-to-earnings ratio of 8.21, a PEG ratio of 0.22 and a beta of 1.97. Trican Well Service Ltd. has a twelve month low of C$2.86 and a twelve month high of C$5.33. The business’s fifty day moving average price is C$4.65 and its 200-day moving average price is C$4.11. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.75 and a current ratio of 2.11.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, December 14th. Trican Well Service’s payout ratio is presently 23.08%.

Wall Street Analysts Forecast Growth

TCW has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Trican Well Service from C$6.00 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, September 14th. ATB Capital increased 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 Monday, November 13th. TD Securities lowered Trican Well Service from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$6.00 to C$5.50 in a research report on Thursday, September 28th. Finally, Raymond James increased their target price on Trican Well Service from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$5.36.

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 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.