Trican Well Service Ltd. (TSE:TCW) Receives C$5.91 Average Target Price from Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$5.91.

TCW has been the subject of several recent research reports. TD Securities lifted their price target 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. Raymond James boosted their target price 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 note on Thursday, August 1st. Royal Bank of Canada increased their price target on shares of 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. Cormark lifted their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, BMO Capital Markets increased their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st.

Trican Well Service Trading Down 0.8 %

Shares of Trican Well Service stock opened at C$5.06 on Monday. The stock has a market cap of C$1.01 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.22 and a beta of 1.76. The firm has a fifty day moving average price of C$4.90 and a 200 day moving average price of C$4.49. Trican Well Service has a 1 year low of C$3.79 and a 1 year high of C$5.33. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$211.81 million for the quarter, compared to the consensus estimate of C$191.10 million. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. Equities research analysts predict that Trican Well Service will post 0.520202 earnings per share for the current year.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, September 13th. Trican Well Service’s dividend payout ratio is presently 31.58%.

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson purchased 27,000 shares of Trican Well Service stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of C$4.82 per share, for a total transaction of C$130,140.00. 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.