BMO Capital Markets Issues Positive Forecast for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its price target upped by BMO Capital Markets from C$5.00 to C$6.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other analysts have also issued research reports about the stock. ATB Capital raised their target price on shares of Trican Well Service from C$5.50 to C$6.50 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. National Bankshares raised their price target on Trican Well Service from C$5.75 to C$6.50 and gave the stock a “sector perform” rating in a research note on Friday. TD Securities raised their price target on Trican Well Service from C$4.75 to C$5.50 and gave the stock a “hold” rating in a research note on Friday. Finally, Raymond James Financial upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$5.00 to C$6.50 in a report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$6.21.

Trican Well Service Price Performance

Trican Well Service stock opened at C$5.38 on Friday. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$5.45. The firm’s 50-day moving average is C$4.42 and its two-hundred day moving average is C$4.58. The stock has a market capitalization of C$1.02 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75.

Trican Well Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, June 13th. Trican Well Service’s dividend payout ratio (DPR) is currently 32.02%.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.