Trican Well Service (TSE:TCW) Releases Quarterly Earnings Results

Trican Well Service (TSE:TCW) issued its quarterly earnings results on Tuesday. The company reported C$0.23 EPS for the quarter, FiscalAI reports. The business had revenue of C$338.30 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 Stock Up 0.7%

Shares of TSE:TCW opened at C$6.97 on Thursday. The stock’s 50-day moving average price is C$6.32 and its two-hundred day moving average price is C$6.77. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. Trican Well Service has a 12-month low of C$5.19 and a 12-month high of C$8.40. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.22 and a beta of -0.29.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were paid a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Trican Well Service’s dividend payout ratio (DPR) is presently 51.16%.

Analyst Ratings Changes

TCW has been the topic of several recent analyst reports. Raymond James Financial reduced 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. ATB Cormack lifted 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$8.21.

Insider Activity

In related news, Director Thomas Malcolm Alford acquired 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of C$5.88 per share, with a total value of C$29,400.00. Following the purchase, the director directly owned 50,000 shares in the company, valued at C$294,000. The trade was a 11.11% increase in their position. Also, Director Stuart O’connor acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of C$6.05 per share, with a total value of C$121,000.00. Following the purchase, the director owned 26,250 shares in the company, valued at approximately C$158,812.50. The trade was a 320.00% increase in their ownership of the stock. Insiders acquired a total of 26,000 shares of company stock valued at $156,220 in the last 90 days. 0.62% of the stock is owned by company insiders.

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.