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 stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of C$5.88 per share, with a total value of C$29,400.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at C$294,000. This trade represents a 11.11% increase in their ownership of the stock.

Trican Well Service Stock Up 3.1%

Shares of Trican Well Service stock opened at C$6.06 on Thursday. 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 stock has a market cap of C$1.27 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.22 and a beta of -0.46. The firm’s 50-day moving average is C$6.81 and its two-hundred day moving average is C$7.00. Trican Well Service Ltd. has a 1 year low of C$5.19 and a 1 year high of C$8.40.

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

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.055 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.22 dividend on an annualized basis and a yield of 3.6%. Trican Well Service’s payout ratio is 51.16%.

Wall Street Analyst Weigh In

TCW has been the topic of several recent research reports. ATB Cormark Capital Markets increased their target price 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. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. Royal Bank Of Canada upped their price objective on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, 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 research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Trican Well Service has an average rating of “Moderate Buy” and an average target price of C$7.71.

About Trican Well Service

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.