Trican Well Service Ltd. (TSE:TCW) Receives Average Recommendation of “Moderate Buy” from Analysts

Trican Well Service Ltd. (TSE:TCW) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$6.75.

Several brokerages have weighed in on TCW. Raymond James Financial downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. National Bank Financial increased their price objective 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.

Trican Well Service Stock Performance

Shares of TCW opened at C$7.36 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28. The firm has a market cap of C$1.55 billion, a PE ratio of 12.91, a P/E/G ratio of 0.22 and a beta of -0.05. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$7.94. The stock has a fifty day moving average price of C$7.04 and a 200-day moving average price of C$6.28.

Trican Well Service (TSE:TCW) last announced its earnings results on Thursday, February 19th. The company reported C$0.15 earnings per share for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.The firm had revenue of C$322.73 million for the quarter.

Trican Well Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.055 per share. The ex-dividend date was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.0%. Trican Well Service’s dividend payout ratio is presently 36.84%.

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.