Thomas Malcolm Alford Buys 5,000 Shares of Trican Well Service (TSE:TCW) Stock

Trican Well Service Ltd. (TSE:TCW) Director Thomas Malcolm Alford acquired 5,000 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the purchase, the director directly owned 45,000 shares of the company’s stock, valued at approximately C$234,900. This represents a 12.50% increase in their position.

Trican Well Service Trading Up 0.2%

Shares of TSE TCW traded up C$0.01 during trading on Monday, reaching C$5.26. The stock had a trading volume of 338,856 shares, compared to its average volume of 530,605. Trican Well Service Ltd. has a fifty-two week low of C$3.69 and a fifty-two week high of C$6.39. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The business’s 50-day moving average price is C$5.85 and its 200-day moving average price is C$5.23. The company has a market cap of C$1.12 billion, a P/E ratio of 9.39, a PEG ratio of 0.22 and a beta of 0.40.

Trican Well Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. Trican Well Service’s payout ratio is presently 35.71%.

Analyst Ratings Changes

TCW has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. TD Securities lowered their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and an average target price of C$6.42.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.