Trican Well Service Ltd. (TSE:TCW) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$5.72.

A number of analysts recently weighed in on TCW shares. TD Securities lowered their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a report on Tuesday, October 8th. BMO Capital Markets dropped their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. Raymond James cut their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of 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. Finally, Cormark increased their target price on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th.

Trican Well Service Trading Down 0.2 %

Shares of TSE TCW opened at C$4.65 on Friday. 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 market cap of C$892.52 million, a PE ratio of 8.16, a P/E/G ratio of 0.22 and a beta of 1.73. 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 company has a 50-day moving average of C$4.67 and a two-hundred day moving average of C$4.66.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.045 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.87%. Trican Well Service’s dividend payout ratio (DPR) is currently 31.58%.

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.