Trican Well Service Ltd. (TSE:TCW) Receives C$7.71 Consensus PT from Analysts

Trican Well Service Ltd. (TSE:TCW) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$7.71.

TCW has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Raymond James Financial decreased their price objective 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. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. ATB Cormark Capital Markets boosted their target price on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$7.00 to C$9.00 in a research report on Tuesday, May 12th.

Trican Well Service Trading Up 4.7%

TCW opened at C$6.28 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. The stock has a market capitalization of C$1.32 billion, a PE ratio of 14.60, a PEG ratio of 0.22 and a beta of -0.46. Trican Well Service has a 1-year low of C$5.19 and a 1-year high of C$8.40. The firm has a 50-day moving average price of C$6.73 and a two-hundred day moving average price of C$6.99.

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

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, June 15th. Trican Well Service’s dividend payout ratio (DPR) is presently 51.16%.

Insiders Place Their Bets

In other Trican Well Service news, Director Thomas Malcolm Alford bought 5,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately C$294,000. This trade represents a 11.11% increase in their position. Corporate insiders own 0.62% of the company’s stock.

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.