Trican Well Service Ltd. (TSE:TCW) to Issue $0.06 Quarterly Dividend

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.055 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th.

Trican Well Service Stock Performance

Shares of Trican Well Service stock traded down C$0.03 during trading on Friday, hitting C$7.37. 239,682 shares of the company’s stock were exchanged, compared to its average volume of 687,859. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.22 and a beta of -0.41. The company has a debt-to-equity ratio of 7.60, a quick ratio of 1.75 and a current ratio of 2.23. The business has a 50-day simple moving average of C$7.33 and a 200-day simple moving average of C$6.81. Trican Well Service has a 52-week low of C$4.40 and a 52-week high of C$8.40.

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

Analysts Set New Price Targets

Several analysts recently commented on TCW shares. Royal Bank Of Canada raised their price target on shares of Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. National Bank Financial raised 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. 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 company from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. Finally, ATB Cormark Capital Markets raised their price target on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$7.67.

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.