Trican Well Service (TSE:TCW) Price Target Cut to C$4.75

Trican Well Service (TSE:TCW) had its price target decreased by TD Securities from C$5.00 to C$4.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on TCW. Cormark lifted their price target on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. BMO Capital Markets decreased their price target on Trican Well Service from C$6.00 to C$5.50 and set a market perform rating for the company in a report on Friday, October 4th. Raymond James lifted their price target on Trican Well Service from C$4.50 to C$5.00 and gave the stock a market perform rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on Trican Well Service from C$5.50 to C$6.00 and gave the company an outperform rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$5.81.

Trican Well Service Trading Down 0.4 %

Shares of TSE TCW opened at C$4.63 on Tuesday. Trican Well Service has a twelve month low of C$3.79 and a twelve month high of C$5.24. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The stock has a fifty day simple moving average of C$4.87 and a 200-day simple moving average of C$4.60. The stock has a market capitalization of C$923.59 million, a PE ratio of 8.12, a PEG ratio of 0.22 and a beta of 1.75.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. The firm had revenue of C$211.81 million during the quarter, compared to analysts’ expectations of C$191.10 million. On average, equities analysts forecast that Trican Well Service will post 0.6312336 earnings per share for the current year.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, September 13th. Trican Well Service’s dividend payout ratio is presently 31.58%.

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson acquired 27,000 shares of Trican Well Service stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$4.82 per share, with a total value of C$130,140.00. Insiders purchased a total of 35,977 shares of company stock valued at $173,559 in the last ninety days. Insiders own 0.60% of the company’s stock.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.