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

Trican Well Service Ltd. (TSE:TCW) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$6.75.

TCW has been the subject of a number of analyst reports. National Bank Financial raised their target price on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Raymond James Financial cut shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, ATB Cormark Capital Markets set a C$7.00 price objective on Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th.

Trican Well Service Trading Up 1.0%

TSE:TCW opened at C$6.97 on Wednesday. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$7.34. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. The business has a 50 day moving average price of C$6.66 and a two-hundred day moving average price of C$6.11. The company has a market cap of C$1.47 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.22 and a beta of -0.05.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$322.73 million for the quarter. Trican Well Service had a net margin of 10.23% and a return on equity of 19.03%.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, March 13th. Trican Well Service’s dividend payout ratio (DPR) is currently 36.84%.

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.