Key Points
- Director Stuart O'Connor purchased 20,000 Trican Well Service shares at C$6.05 each, investing C$121,000 and increasing his ownership by 320% to 26,250 shares.
- 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 3.7% annualized yield.
- Analyst sentiment is moderately positive: TD Securities upgraded the stock to “strong buy,” while the consensus rating is “Moderate Buy” with an average price target of C$7.71.
Trican Well Service Ltd. (TSE:TCW - Get Free Report) Director Stuart O'connor bought 20,000 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of C$6.05 per share, with a total value of C$121,000.00. Following the transaction, the director owned 26,250 shares of the company's stock, valued at C$158,812.50. This trade represents a 320.00% increase in their ownership of the stock.
Trican Well Service Stock Performance
Shares of TCW stock opened at C$5.98 on Thursday. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.22 and a beta of -0.27. Trican Well Service Ltd. has a 1-year low of C$5.19 and a 1-year high of C$8.40. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. The stock's fifty day simple moving average is C$6.20 and its 200-day simple moving average is C$6.81.
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 return on equity of 12.81% and a net margin of 7.60%.The business had revenue of C$214.60 million during the quarter.
Trican Well Service Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. Trican Well Service's dividend payout ratio is currently 51.16%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. TD Securities upgraded shares of Trican Well Service from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Raymond James Financial dropped their price objective 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 note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$7.71.
Check Out Our Latest Research Report on Trican Well Service
About Trican Well Service
(
Get Free Report)
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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