Insider Buying: Trican Well Service Ltd. (TSE:TCW) Senior Officer Purchases 15,000 Shares of Stock

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

Trican Well Service Trading Down 0.5 %

Shares of Trican Well Service stock traded down C$0.02 during trading on Monday, hitting C$4.25. 812,787 shares of the company were exchanged, compared to its average volume of 943,043. The company has a debt-to-equity ratio of 3.21, a current ratio of 2.11 and a quick ratio of 1.75. The firm has a market capitalization of C$899.85 million, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.22 and a beta of 1.97. The firm’s fifty day moving average price is C$4.65 and its 200 day moving average price is C$4.11. Trican Well Service Ltd. has a 1-year low of C$2.86 and a 1-year high of C$5.33.

Trican Well Service Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. TD Securities downgraded Trican Well Service from a “buy” rating to a “hold” rating and cut their price objective for the company from C$6.00 to C$5.50 in a research report on Thursday, September 28th. Raymond James increased their price objective on shares of Trican Well Service from C$5.25 to C$5.50 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. ATB Capital raised their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Finally, Stifel Nicolaus boosted their target price on Trican Well Service from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research report on Thursday, September 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.