Trican Well Service (TCW) to Release Quarterly Earnings on Tuesday

Trican Well Service (TSE:TCW) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce 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, 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 the consensus estimate 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 Stock Performance

Shares of Trican Well Service stock opened at C$4.45 on Friday. The company has a market capitalization of C$854.13 million, a PE ratio of 7.81, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a 50-day simple moving average of C$4.79 and a two-hundred day simple moving average of C$4.63. Trican Well Service has a one year low of C$3.79 and a one year high of C$5.24. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, September 13th. Trican Well Service’s payout ratio is currently 31.58%.

Insiders Place Their Bets

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 bought at an average price of C$4.82 per share, for a total transaction of C$130,140.00. In the last ninety days, insiders acquired 35,977 shares of company stock valued at $173,559. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.