Trican Well Service Ltd. (TSE:TCW) Receives C$7.90 Consensus PT from Analysts

Trican Well Service Ltd. (TSE:TCW) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$7.90.

Several research firms have issued reports on TCW. BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. ATB Cormark Capital Markets raised 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. Finally, Royal Bank Of Canada lifted 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 report on Wednesday, May 13th.

Trican Well Service Stock Performance

Shares of TSE TCW opened at C$6.68 on Tuesday. 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 business’s 50 day moving average is C$7.19 and its two-hundred day moving average is C$6.96. The company has a market cap of C$1.40 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.22 and a beta of -0.41. Trican Well Service has a 12 month low of C$5.19 and a 12 month high of C$8.40.

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

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th. Trican Well Service’s payout ratio is 39.81%.

Trican Well Service Company Profile

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.