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

Trican Well Service (TSE:TCW - Get Free Report) is scheduled to release its earnings data 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of C$191.10 million.

Trican Well Service Trading Down 3.7 %

Shares of TSE:TCW traded down C$0.17 on Tuesday, reaching C$4.43. 1,691,978 shares of the company traded hands, compared to its average volume of 711,714. The stock has a market capitalization of C$850.29 million, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The business's 50-day simple moving average is C$4.82 and its 200 day simple moving average is C$4.63. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.24.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.18 annualized dividend and a yield of 4.06%. Trican Well Service's payout ratio is 31.58%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James decreased their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. TD Securities dropped 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. 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 research note on Thursday, August 1st. Cormark raised their price objective on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Finally, BMO Capital Markets reduced their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$5.78.

Insider Transactions at Trican Well Service

In other Trican Well Service news, Senior Officer Scott Eric Matson purchased 27,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of C$4.82 per share, with a total value of C$130,140.00. Over the last 90 days, insiders have bought 35,977 shares of company stock worth $173,559. Corporate insiders own 0.62% of the company's stock.

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.