Trican Well Service Ltd. (TCW) To Go Ex-Dividend on September 15th

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.055 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Trican Well Service Trading Up 0.6%

TCW traded up C$0.04 during trading on Friday, hitting C$6.32. 407,100 shares of the stock traded hands, compared to its average volume of 721,574. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. Trican Well Service has a 12-month low of C$5.19 and a 12-month high of C$8.40. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75. The firm has a 50-day moving average of C$6.33 and a 200 day moving average of C$6.86.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$214.60 million during the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Raymond James Financial lowered their price target on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Trican Well Service presently has an average rating of “Moderate Buy” and a consensus price target of C$7.71.

About Trican Well Service

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.