Trican Well Service Ltd. (TSE:TCW) Receives C$7.90 Consensus Target Price from Brokerages

Trican Well Service Ltd. (TSE:TCW) has been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$7.90.

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

Trican Well Service Stock Performance

Shares of TSE TCW opened at C$6.67 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 7.60. Trican Well Service has a 12-month low of C$5.19 and a 12-month high of C$8.40. The stock has a 50 day simple moving average of C$7.18 and a 200-day simple moving average of C$6.97. The company has a market cap of C$1.40 billion, a PE ratio of 12.35, a P/E/G ratio of 0.22 and a beta of -0.41.

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

Trican Well Service Announces Dividend

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

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.