Trican Well Service Ltd. (TSE:TCW) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$7.71.

TCW has been the subject of several recent research reports. TD Securities upgraded Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Raymond James Financial cut their target price on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a report on Thursday, July 30th.

Insiders Place Their Bets

In other Trican Well Service news, Director Stuart O’connor acquired 20,000 shares of Trican Well Service stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of C$6.05 per share, for a total transaction of C$121,000.00. Following the completion of the acquisition, the director directly owned 26,250 shares of the company’s stock, valued at C$158,812.50. This represents a 320.00% increase in their ownership of the stock. Also, Director Thomas Malcolm Alford acquired 5,000 shares of Trican Well Service stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of C$5.88 per share, with a total value of C$29,400.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$294,000. The trade was a 11.11% increase in their ownership of the stock. Insiders acquired 26,000 shares of company stock worth $156,220 over the last ninety days. Insiders own 0.62% of the company’s stock.

Trican Well Service Price Performance

TCW stock opened at C$6.17 on Friday. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75. The company’s 50-day moving average is C$6.19 and its 200-day moving average is C$6.81. The stock has a market capitalization of C$1.29 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. Trican Well Service has a 1 year low of C$5.19 and a 1 year high of C$8.40.

Trican Well Service (TSE:TCW) last issued its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The firm 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.0550 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.22 annualized dividend and a yield of 3.6%. Trican Well Service’s dividend payout ratio is presently 51.16%.

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.