Trican Well Service (TSE:TCW) Director Buys C$121,000.00 in Stock

Trican Well Service Ltd. (TSE:TCW) Director Stuart O’connor acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of C$6.05 per share, with a total value of C$121,000.00. Following the acquisition, the director owned 26,250 shares in the company, valued at C$158,812.50. The trade was a 320.00% increase in their position.

Trican Well Service Price Performance

TSE TCW opened at C$6.18 on Friday. The company has a market cap of C$1.29 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. Trican Well Service Ltd. has a 52 week low of C$5.19 and a 52 week high of C$8.40. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 3.24. The firm’s 50-day simple moving average is C$6.18 and its two-hundred day simple moving average is C$6.80.

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

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were paid a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Trican Well Service’s payout ratio is currently 51.16%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TCW shares. 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 report on Thursday, July 30th. TD Securities upgraded Trican Well Service from a “hold” rating to a “strong-buy” rating in a report 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.71.

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.