Insider Buying: Trican Well Service Ltd. (TSE:TCW) Senior Officer Buys C$130,140.00 in Stock

Trican Well Service Ltd. (TSE:TCW) Senior Officer Scott Eric Matson acquired 27,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of C$4.82 per share, with a total value of C$130,140.00.

Trican Well Service Stock Down 0.4 %

Shares of TSE:TCW opened at C$4.95 on Thursday. The business has a 50-day moving average price of C$4.80 and a 200 day moving average price of C$4.43. Trican Well Service Ltd. has a 12-month low of C$3.79 and a 12-month high of C$5.33. The company has a current ratio of 2.74, a quick ratio of 1.75 and a debt-to-equity ratio of 3.40. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Monday, May 13th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. Trican Well Service had a net margin of 12.26% and a return on equity of 22.33%. The business had revenue of C$271.93 million during the quarter, compared to analysts’ expectations of C$282.63 million. Sell-side analysts expect that Trican Well Service Ltd. will post 0.5199063 EPS for the current year.

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.18 annualized dividend and a yield of 3.64%. Trican Well Service’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Cormark upped their price target on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Raymond James raised their target price on Trican Well Service from C$4.50 to C$5.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. TD Securities upped their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Trican Well Service has an average rating of “Moderate Buy” and a consensus price target of C$5.91.

About Trican Well Service

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.