Trican Well Service Ltd. (TSE:TCW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com 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 target price among brokerages that have covered the stock in the last year is C$5.91.

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

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson purchased 27,000 shares of Trican Well Service stock in a transaction dated 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. Company insiders own 0.60% of the company’s stock.

Trican Well Service Trading Down 0.8 %

TCW opened at C$5.06 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.33. The stock has a market cap of C$1.01 billion, a PE ratio of 8.88, a PEG ratio of 0.22 and a beta of 1.76. The business has a 50 day moving average of C$4.90 and a 200-day moving average of C$4.49.

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

Trican Well Service Announces Dividend

The firm also recently disclosed 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 3.56%. Trican Well Service’s payout ratio is 31.58%.

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.