Trican Well Service Ltd. (TSE:TCW) Stock Has Average Target Price of C$7.71 According to Brokerages

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

A number of equities analysts recently issued reports on the company. 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 report on Thursday, July 30th. TD Securities raised shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th.

Insiders Place Their Bets

In related news, Director Thomas Malcolm Alford purchased 5,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of C$5.88 per share, for a total transaction of C$29,400.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$294,000. This trade represents a 11.11% increase in their ownership of the stock. Insiders own 0.62% of the company’s stock.

Trican Well Service Stock Down 2.9%

Shares of TSE:TCW opened at C$5.95 on Friday. The business’s 50 day simple moving average is C$6.22 and its two-hundred day simple moving average is C$6.82. The firm has a market cap of C$1.25 billion, a P/E ratio of 13.84, a PEG ratio of 0.22 and a beta of -0.27. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.75 and a current ratio of 1.77. Trican Well Service has a 52-week low of C$5.19 and a 52-week high of C$8.40.

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

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be issued a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Trican Well Service’s dividend payout ratio is currently 51.16%.

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.