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

Shares of Trican Well Service Ltd. (TSE:TCW) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.50.

Several equities analysts recently issued reports on TCW shares. ATB Cormark Capital Markets set a C$7.00 price target on shares of Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. TD Securities cut their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Finally, Raymond James Financial downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Trican Well Service Price Performance

Shares of TSE:TCW opened at C$7.25 on Friday. The company’s fifty day moving average is C$6.34 and its two-hundred day moving average is C$5.98. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$7.34. The company has a market cap of C$1.54 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.22 and a beta of 0.31.

Trican Well Service (TSE:TCW) last issued its earnings results on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$300.59 million during the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid 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 yield of 3.0%. Trican Well Service’s payout ratio is currently 35.71%.

About Trican Well Service

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.