Trican Well Service Ltd. (TSE:TCW) Receives C$6.75 Average PT from Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$6.75.

TCW has been the subject of several analyst reports. ATB Cormark Capital Markets set a C$7.00 target price on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Raymond James Financial downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, National Bank Financial lifted their price target 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.

Trican Well Service Trading Up 0.1%

Shares of TSE:TCW opened at C$6.87 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28. The stock has a market capitalization of C$1.45 billion, a PE ratio of 12.05, a P/E/G ratio of 0.22 and a beta of -0.05. Trican Well Service has a 1 year low of C$3.69 and a 1 year high of C$7.34. The firm has a fifty day moving average price of C$6.71 and a 200 day moving average price of C$6.13.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. The company 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.055 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. Trican Well Service’s dividend payout ratio (DPR) is presently 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.