Analysts Set Trican Well Service Ltd. (TSE:TCW) Price Target at C$6.50

Trican Well Service Ltd. (TSE:TCW) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$6.50.

TCW has been the topic of several analyst reports. TD Securities dropped their target price on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Royal Bank Of Canada upped their price target on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, ATB Capital set a C$7.00 target price on shares of Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th.

Insider Buying and Selling

In other Trican Well Service news, insider Bradley Peter David Fedora acquired 7,550 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the transaction, the insider owned 7,550 shares of the company’s stock, valued at C$39,713. The trade was a ∞ increase in their position. Also, Director Thomas Malcolm Alford bought 5,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average price of C$5.22 per share, for a total transaction of C$26,100.00. Following the completion of the purchase, the director owned 45,000 shares in the company, valued at approximately C$234,900. The trade was a 12.50% increase in their position. Over the last 90 days, insiders purchased 15,000 shares of company stock valued at $78,602. 0.62% of the stock is owned by company insiders.

Trican Well Service Price Performance

Shares of TSE TCW opened at C$5.94 on Friday. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$6.39. The company has a 50 day simple moving average of C$5.74 and a two-hundred day simple moving average of C$5.67. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.22 and a beta of 0.19. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$300.59 million for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.7%. Trican Well Service’s dividend payout ratio (DPR) is 35.71%.

Trican Well Service Company Profile

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.