Trican Well Service (TCW) Scheduled to Post Quarterly Earnings on Tuesday

Trican Well Service (TSE:TCW) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Trican Well Service to post earnings of C$0.11 per share for the quarter.

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

Trican Well Service Stock Performance

TSE:TCW opened at C$4.60 on Tuesday. The firm has a market capitalization of C$882.92 million, a PE ratio of 8.02, a PEG ratio of 0.22 and a beta of 1.73. Trican Well Service has a 1 year low of C$3.79 and a 1 year 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 firm’s fifty day simple moving average is C$4.82 and its 200 day simple moving average is C$4.62.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Friday, September 13th. Trican Well Service’s dividend payout ratio (DPR) is 31.58%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TCW. Raymond James cut their price objective on Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. TD Securities lowered their price objective on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th. BMO Capital Markets lowered their price target on Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Finally, Cormark lifted their price objective on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Trican Well Service has a consensus rating of “Moderate Buy” and an average price target of C$5.78.

Insiders Place Their Bets

In related news, Senior Officer Scott Eric Matson purchased 27,000 shares of Trican Well Service stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of C$4.82 per share, for a total transaction of C$130,140.00. In the last quarter, insiders have bought 35,977 shares of company stock valued at $173,559. 0.62% of the stock is currently owned by corporate insiders.

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.