Trican Well Service Ltd. (TSE:TCW) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Trican Well Service Ltd. (TSE:TCW – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$7.71.

Several brokerages have recently commented on TCW. TD Securities upgraded shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Raymond James Financial cut their price objective on shares of 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.

Read Our Latest Report on TCW

Insider Buying and Selling at Trican Well Service

In related news, Director Thomas Malcolm Alford acquired 5,000 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average price of C$5.88 per share, with a total value of C$29,400.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$294,000. The trade was a 11.11% increase in their ownership of the stock. Also, Director Stuart O’connor bought 20,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price 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 approximately C$158,812.50. This represents a 320.00% increase in their position. Insiders bought a total of 26,000 shares of company stock valued at $156,220 in the last three months. 0.62% of the stock is owned by company insiders.

Trican Well Service Trading Up 0.2%

Shares of TCW stock opened at C$6.18 on Friday. The company has a market capitalization of C$1.29 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.22 and a beta of -0.27. Trican Well Service has a 12-month low of C$5.19 and a 12-month 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 has a 50-day moving average price of C$6.18 and a 200 day moving average price of C$6.80.

Trican Well Service (TSE:TCW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) EPS 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were paid a dividend of $0.0550 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.22 annualized dividend and a yield of 3.6%. Trican Well Service’s dividend payout ratio (DPR) is presently 51.16%.

Trican Well Service Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Trican Well Service (TSE:TCW)

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