Brokerages Set Trican Well Service Ltd. (TSE:TCW) PT at C$7.71

Trican Well Service Ltd. (TSE:TCW) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$7.71.

A number of research analysts have commented on TCW shares. Royal Bank Of Canada lifted their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$7.00 to C$9.00 in a report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their price target on Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Raymond James Financial dropped their price target on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Finally, TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th.

Trican Well Service Price Performance

Shares of TSE TCW opened at C$6.40 on Wednesday. The stock has a market cap of C$1.34 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.22 and a beta of -0.27. Trican Well Service has a twelve month low of C$5.19 and a twelve month high of C$8.40. The stock has a 50 day moving average of C$6.36 and a two-hundred day moving average of C$6.88. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24.

Trican Well Service (TSE:TCW) last announced its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$214.60 million during the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.4%. Trican Well Service’s dividend payout ratio (DPR) is currently 51.16%.

Insiders Place Their Bets

In other news, Director Thomas Malcolm Alford acquired 5,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately C$294,000. This represents a 11.11% increase in their position. 0.62% of the stock is currently owned by company insiders.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.