Trican Well Service Ltd. (TSE:TCW) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$6.50.

TCW has been the subject of several research reports. 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. ATB Cormark Capital Markets set a C$7.00 price target on Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, TD Securities cut their target price on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, October 29th.

Trican Well Service Trading Down 0.6%

TCW opened at C$7.09 on Friday. Trican Well Service has a one year low of C$3.69 and a one year high of C$7.34. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The stock has a market cap of C$1.50 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.22 and a beta of 0.31. The stock’s 50 day moving average price is C$6.40 and its 200-day moving average price is C$6.02.

Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 EPS for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.The company had revenue of C$322.73 million for the quarter.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.1%. Trican Well Service’s dividend payout ratio (DPR) is presently 35.71%.

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.