Trican Well Service Ltd. (TSE:TCW) Receives C$7.67 Average Price Target from Brokerages

Trican Well Service Ltd. (TSE:TCW) has earned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$7.67.

TCW has been the topic of several analyst reports. BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets boosted their price objective on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th.

Trican Well Service Stock Up 1.2%

Shares of Trican Well Service stock opened at C$6.74 on Friday. Trican Well Service has a 12-month low of C$4.42 and a 12-month high of C$8.40. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 7.60. The stock has a 50 day moving average price of C$7.28 and a two-hundred day moving average price of C$6.88. The stock has a market capitalization of C$1.42 billion, a P/E ratio of 12.48, a PEG ratio of 0.22 and a beta of -0.41.

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

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a $0.055 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.3%. Trican Well Service’s dividend payout ratio (DPR) is presently 39.81%.

About Trican Well Service

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.