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 been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$7.71.

A number of research firms recently weighed in on TCW. Raymond James Financial decreased 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 report on Thursday, July 30th. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th.

Trican Well Service Trading Up 0.9%

Shares of TSE TCW opened at C$6.59 on Thursday. 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 company has a market cap of C$1.38 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.22 and a beta of -0.29. The stock’s 50 day simple moving average is C$6.28 and its 200 day simple moving average is C$6.71. Trican Well Service has a 12-month low of C$5.19 and a 12-month high of C$8.40.

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

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.0550 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.3%. Trican Well Service’s payout ratio is currently 51.16%.

Insider Buying and Selling

In other news, Director Stuart O’connor bought 20,000 shares of Trican Well Service 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 completion of the transaction, the director directly owned 26,250 shares in the company, valued at C$158,812.50. This trade represents a 320.00% increase in their ownership of the stock. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately C$294,000. This trade represents a 11.11% increase in their ownership of the stock. Over the last 90 days, insiders have bought 26,000 shares of company stock worth $156,220. 0.62% of the stock is currently owned by company insiders.

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.