Trican Well Service Ltd. (TSE:TCW) Given Consensus Recommendation of “Hold” by Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$7.67.

Several analysts recently commented on TCW shares. National Bank Financial boosted their price target on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted 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.

Trican Well Service Price Performance

Shares of TCW opened at C$8.06 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 7.60. The company has a 50-day moving average price of C$7.25 and a two-hundred day moving average price of C$6.61. The stock has a market cap of C$1.69 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 0.22 and a beta of -0.27. Trican Well Service has a 12 month low of C$4.22 and a 12 month high of C$8.40.

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

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. Trican Well Service’s dividend payout ratio (DPR) is presently 39.81%.

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.