Thomas Malcolm Alford Acquires 5,000 Shares of Trican Well Service (TSE:TCW) Stock

Trican Well Service Ltd. (TSE:TCW) Director Thomas Malcolm Alford acquired 5,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of C$5.88 per share, with a total value of C$29,400.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately C$294,000. This trade represents a 11.11% increase in their ownership of the stock.

Trican Well Service Stock Performance

Shares of TCW traded down C$0.05 during mid-day trading on Tuesday, hitting C$5.87. 838,274 shares of the company’s stock were exchanged, compared to its average volume of 687,029. Trican Well Service Ltd. has a 52 week low of C$5.19 and a 52 week high of C$8.40. The stock’s 50-day simple moving average is C$6.88 and its 200-day simple moving average is C$7.00. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.22 and a beta of -0.41. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 3.24.

Trican Well Service (TSE:TCW) last released its quarterly 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 during the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued 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 payout ratio is currently 51.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Raymond James Financial cut their price objective on shares of Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised shares of Trican Well Service from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Trican Well Service currently has an average rating of “Moderate Buy” and a consensus price target of C$7.71.

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.