Trican Well Service Ltd. (TSE:TCW) Stock Has Consensus Price Target of C$7.71 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Trican Well Service, with two buy ratings, one strong-buy rating and three holds. The average 12-month price target is C$7.71 versus a recent price of C$6.75.
• Trican reported quarterly revenue of C$214.6 million and EPS of C$(0.01), while its shares were trading near their 200-day moving average and had a 12-month range of C$5.19 to C$8.40.
• The company declared a quarterly dividend of C$0.055, equivalent to C$0.22 annually and a 3.3% yield. Insiders also purchased 26,000 shares worth approximately C$156,220 during the latest quarter.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$7.71.

TCW has been the subject of several research analyst reports. TD Securities raised shares of Trican Well Service from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. 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 for the company in a research note on Thursday, July 30th.

Trican Well Service Trading Up 0.7%

TCW opened at C$6.75 on Thursday. The company has a fifty day moving average of C$6.27 and a 200-day moving average of C$6.72. Trican Well Service has a twelve month low of C$5.19 and a twelve 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 stock has a market cap of C$1.41 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.22 and a beta of -0.29.

Trican Well Service (TSE:TCW - Get Free Report) last announced its quarterly earnings data 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 business had revenue of C$214.60 million during the quarter.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a $0.0550 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.22 annualized dividend and a yield of 3.3%. Trican Well Service's dividend payout ratio is presently 51.16%.

Insider Activity at Trican Well Service

In other news, Director Thomas Malcolm Alford purchased 5,000 shares of the business's stock in a transaction on Friday, July 31st. The shares were acquired at an average price of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at approximately C$294,000. The trade was a 11.11% increase in their ownership of the stock. Also, Director Stuart O'connor acquired 20,000 shares of Trican Well Service stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost 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 of the company's stock, valued at approximately C$158,812.50. This trade represents a 320.00% increase in their position. In the last quarter, insiders acquired 26,000 shares of company stock worth $156,220. Corporate insiders own 0.62% of the company's stock.

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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