Trican Well Service (TSE:TCW) Issues Earnings Results

Trican Well Service (TSE:TCW) released its quarterly earnings data on Tuesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%. The firm had revenue of C$214.60 million for the quarter.

Trican Well Service Price Performance

TSE:TCW opened at C$6.35 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 7.60. Trican Well Service has a 12 month low of C$5.19 and a 12 month high of C$8.40. The business’s 50-day moving average is C$7.04 and its 200 day moving average is C$7.01. The company has a market capitalization of C$1.33 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.22 and a beta of -0.41.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, June 15th. Trican Well Service’s payout ratio is currently 39.81%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TCW. Royal Bank Of Canada upped their price objective on Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$7.90.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.