Trican Well Service Ltd. (TSE:TCW) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Trican Well Service “Moderate Buy,” with two buy ratings, one strong-buy rating and three holds; the average 12-month price target is C$7.71.
• Recent analyst actions were mixed but generally constructive: BMO and TD upgraded the stock, while price targets ranged from C$6.75 to C$9.00.
• Trican reported quarterly revenue of C$214.6 million and EPS of C$(0.01), while maintaining a quarterly dividend of C$0.055, equivalent to a 3.5% annualized yield.

Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$7.71.

A number of equities analysts have weighed in on TCW shares. BMO Capital Markets upgraded shares of Trican Well Service from a "market perform" rating to an "outperform" rating and lifted their price target for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th. TD Securities upgraded Trican Well Service from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. ATB Cormark Capital Markets increased their target price on Trican Well Service from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research report on Wednesday, May 13th. Raymond James Financial reduced 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. Finally, Royal Bank Of Canada boosted their price target on Trican Well Service from C$7.50 to C$8.50 and gave the company a "sector perform" rating in a research report on Wednesday, May 13th.

Insider Buying and Selling at Trican Well Service

In other news, Director Thomas Malcolm Alford bought 5,000 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of C$5.88 per share, for a total transaction of C$29,400.00. Following the acquisition, the director owned 50,000 shares of the company's stock, valued at C$294,000. This trade represents a 11.11% increase in their ownership of the stock. 0.62% of the stock is owned by corporate insiders.

Trican Well Service Price Performance

TCW opened at C$6.34 on Wednesday. The company's 50 day simple moving average is C$6.37 and its 200 day simple moving average is C$6.90. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.75 and a current ratio of 1.77. Trican Well Service has a 1 year low of C$5.19 and a 1 year high of C$8.40. The stock has a market capitalization of C$1.33 billion, a PE ratio of 14.74, a P/E/G ratio of 0.22 and a beta of -0.46.

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

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th. Trican Well Service's dividend payout ratio (DPR) is 51.16%.

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.

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