Trican Well Service Ltd. (TSE:TCW) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Trican Well Service has a “Moderate Buy” consensus rating from six analysts, with an average 12-month price target of C$7.71. Ratings include three holds, two buys and one strong buy.
• Analyst sentiment has recently improved, including TD Securities upgrading the stock to “strong buy” and BMO Capital Markets raising its target to C$9.00, though Raymond James cut its target to C$6.75.
• Director Thomas Malcolm Alford purchased 5,000 shares for C$29,400. The company also pays a quarterly dividend of C$0.055, equivalent to an annualized C$0.22 and a 3.7% yield.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three 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 1 year price objective among brokers that have issued ratings on the stock in the last year is C$7.71.

TCW has been the topic of several recent 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. Royal Bank Of Canada boosted their price objective on shares of 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. ATB Cormark Capital Markets upped their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research note on Wednesday, May 13th. Raymond James Financial reduced their target price 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 research report on Thursday, July 30th. Finally, BMO Capital Markets raised 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 research note on Tuesday, May 12th.

Insider Buying and Selling

In other news, Director Thomas Malcolm Alford acquired 5,000 shares of Trican Well Service stock in a transaction on Friday, July 31st. The shares were bought 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 of the company's stock, valued at C$294,000. This trade represents a 11.11% increase in their position. 0.62% of the stock is owned by insiders.

Trican Well Service Stock Performance

Shares of Trican Well Service stock opened at C$6.00 on Friday. 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's fifty day moving average is C$6.75 and its two-hundred day moving average is C$6.99. Trican Well Service has a 52 week low of C$5.19 and a 52 week high of C$8.40. The company has a market capitalization of C$1.26 billion, a PE ratio of 13.95, a price-to-earnings-growth 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 for the quarter. The business had revenue of C$214.60 million for the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.055 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.22 annualized dividend and a yield of 3.7%. Trican Well Service's dividend payout ratio is 51.16%.

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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