Trican Well Service (TSE:TCW) PT Lowered to C$4.75 at Raymond James

Trican Well Service (TSE:TCW) had its target price lowered by Raymond James from C$5.00 to C$4.75 in a research note issued to investors on Tuesday, BayStreet.CA reports.

A number of other research firms have also issued reports on TCW. Royal Bank of Canada increased their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Securities reduced their price target on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Tuesday, October 8th. BMO Capital Markets dropped their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Cormark increased their price objective on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$5.78.

Trican Well Service Price Performance

The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. The firm has a market cap of C$869.49 million, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.22 and a beta of 1.73. The firm has a 50-day moving average of C$4.83 and a 200-day moving average of C$4.62. Trican Well Service has a 12-month low of C$3.79 and a 12-month high of C$5.24.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The company had revenue of C$211.81 million for the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of ?. Trican Well Service’s payout ratio is currently 31.58%.

Insider Buying and Selling

In other news, Senior Officer Scott Eric Matson purchased 27,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of C$4.82 per share, for a total transaction of C$130,140.00. Insiders have bought 35,977 shares of company stock worth $173,559 in the last quarter. 0.62% of the stock is owned by insiders.

About Trican Well Service

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.