Trican Well Service Ltd. (TSE:TCW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$5.91.

Several equities analysts recently issued reports on TCW shares. Raymond James boosted their price target on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their target price on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets raised their target price on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Cormark upped their price target on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Finally, TD Securities raised their price objective on Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st.

Trican Well Service Trading Up 1.0 %

TSE TCW opened at C$4.84 on Friday. The stock has a market cap of C$965.48 million, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.22 and a beta of 1.75. Trican Well Service has a fifty-two week low of C$3.79 and a fifty-two week high of C$5.24. The stock has a 50 day simple moving average of C$4.90 and a two-hundred day simple moving average of C$4.56. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. The company had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. On average, analysts forecast that Trican Well Service will post 0.6423841 earnings per share for the current year.

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, September 13th. Trican Well Service’s dividend payout ratio (DPR) is 31.58%.

Insiders Place Their Bets

In other Trican Well Service news, Senior Officer Scott Eric Matson bought 27,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of C$4.82 per share, for a total transaction of C$130,140.00. Over the last ninety days, insiders bought 35,977 shares of company stock valued at $173,559. Insiders own 0.60% of the company’s stock.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.