Trican Well Service Ltd. (TSE:TCW) Receives Average Rating of “Hold” from Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$7.67.

TCW has been the topic of several analyst reports. ATB Cormark Capital Markets lifted their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. National Bank Financial lifted their target price on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Royal Bank Of Canada lifted their target price on shares of Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets raised shares of Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th.

Trican Well Service Stock Performance

Shares of Trican Well Service stock opened at C$7.46 on Monday. The company has a market capitalization of C$1.57 billion, a P/E ratio of 13.81, a PEG ratio of 0.22 and a beta of -0.27. The company’s fifty day moving average is C$7.31 and its two-hundred day moving average is C$6.69. The company has a debt-to-equity ratio of 7.60, a quick ratio of 1.75 and a current ratio of 2.23. Trican Well Service has a 1 year low of C$4.27 and a 1 year high of C$8.40.

Trican Well Service (TSE:TCW) last issued its earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$330.27 million for the quarter. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%.

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.055 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.9%. Trican Well Service’s dividend payout ratio (DPR) is 39.81%.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.