Trican Well Service (TSE:TCW – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$338.30 million for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.
Trican Well Service Price Performance
Shares of TCW stock traded up C$0.08 on Tuesday, hitting C$6.92. 1,776,288 shares of the stock traded hands, compared to its average volume of 709,840. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.22 and a beta of -0.29. Trican Well Service has a 52 week low of C$5.19 and a 52 week high of C$8.40. The firm has a 50 day simple moving average of C$6.29 and a two-hundred day simple moving average of C$6.76. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75.
Trican Well Service Dividend Announcement
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. This represents a $0.22 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 15th. Trican Well Service’s dividend payout ratio (DPR) is presently 51.16%.
Wall Street Analyst Weigh In
A number of brokerages recently commented 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 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Trican Well Service presently has a consensus rating of “Moderate Buy” and an average target price of C$7.71.
Read Our Latest Research Report on TCW
Insider Buying and Selling at Trican Well Service
In other news, Director Thomas Malcolm Alford bought 5,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately C$294,000. This represents a 11.11% increase in their position. Also, Director Stuart O’connor purchased 20,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of C$6.05 per share, with a total value of C$121,000.00. Following the purchase, the director directly owned 26,250 shares in the company, valued at C$158,812.50. This represents a 320.00% increase in their position. Insiders purchased a total of 26,000 shares of company stock valued at $156,220 in the last ninety days. 0.62% of the stock is currently owned by insiders.
About Trican Well Service
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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