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

Key Points

• Analysts rate Trican Well Service “Moderate Buy.” Among six covering firms, two recommend buying, one gives a strong-buy rating, and three rate the stock a hold; the average 12-month price target is C$7.71.
• Director Thomas Malcolm Alford purchased 5,000 shares at C$5.88 each, increasing his position by 11.11%. Insiders own approximately 0.62% of the company.
• Trican reported quarterly revenue of C$214.6 million and a loss of C$0.01 per share, while maintaining a quarterly dividend of $0.055 per share, equivalent to a 3.6% yield.

Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat reports. Three equities research 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 brokerages that have updated their coverage on the stock in the last year is C$7.71.

A number of equities research analysts have recently commented on TCW shares. TD Securities raised Trican Well Service from a "hold" rating to a "strong-buy" rating in a research report 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 on the stock in a research report on Thursday, July 30th.

Insider Buying and Selling at Trican Well Service

In related news, Director Thomas Malcolm Alford acquired 5,000 shares of the business's stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately C$294,000. The trade was a 11.11% increase in their position. 0.62% of the stock is currently owned by insiders.

Trican Well Service Stock Down 0.2%

Shares of TSE TCW opened at C$6.08 on Friday. The firm has a market cap of C$1.27 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. 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 firm's 50 day moving average price is C$6.25 and its 200 day moving average price is C$6.83.

Trican Well Service (TSE:TCW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.0550 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.6%. Trican Well Service's dividend payout ratio is currently 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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