Trican Well Service (TSE:TCW) Downgraded to “Sector Perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Trican Well Service (TSE:TCW) from an outperform rating to a sector perform rating in a report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has C$7.50 target price on the stock.

Separately, National Bank Financial upped their price target on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$6.75.

Trican Well Service Trading Down 6.5%

Trican Well Service stock opened at C$6.72 on Tuesday. The business has a 50 day moving average price of C$7.07 and a two-hundred day moving average price of C$6.34. 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 stock has a market cap of C$1.41 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.22 and a beta of -0.30. Trican Well Service has a 12 month low of C$3.98 and a 12 month high of C$7.94.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$322.73 million during the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.3%. Trican Well Service’s dividend payout ratio is presently 36.84%.

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.