Trican Well Service Ltd. (TSE:TCW) Declares $0.06 Quarterly Dividend

Trican Well Service Ltd. (TSE:TCW) announced a quarterly dividend on Friday, December 12th, TickerTech Dividends reports. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.055 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 12th.

Trican Well Service Stock Down 3.1%

Shares of TCW stock opened at C$6.02 on Wednesday. The company’s fifty day simple moving average is C$5.76 and its two-hundred day simple moving average is C$5.52. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$6.39. The stock has a market cap of C$1.28 billion, a P/E ratio of 10.75, a PEG ratio of 0.22 and a beta of 0.19. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

Trican Well Service (TSE:TCW) last issued its earnings results on Tuesday, October 28th. The company reported C$0.15 earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.The firm had revenue of C$300.59 million for the quarter.

Analyst Upgrades and Downgrades

TCW has been the topic of several recent research reports. Raymond James Financial cut Trican Well Service from an “outperform” rating to a “market perform” rating in a report on Tuesday. ATB Capital set a C$7.00 target price on shares of Trican Well Service and gave the company an “outperform” rating in a research note on Friday, December 5th. Royal Bank Of Canada raised their target price on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, TD Securities dropped their price target on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$6.50.

Trican Well Service Company Profile

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.