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

Shares of Trican Well Service Ltd. (TSE:TCW) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$6.50.

A number of research firms recently weighed in on TCW. Raymond James Financial lowered shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. TD Securities lowered their target price on 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. Finally, ATB Cormark Capital Markets set a C$7.00 price target on Trican Well Service and gave the stock an “outperform” rating in a research note on Friday, December 5th.

Trican Well Service Price Performance

Shares of TSE TCW opened at C$7.25 on Friday. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. Trican Well Service has a 1-year low of C$3.69 and a 1-year high of C$7.34. The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.22 and a beta of 0.31. The business has a 50-day moving average of C$6.34 and a 200-day moving average of C$5.98.

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

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.0%. Trican Well Service’s payout ratio is presently 35.71%.

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.