Trican Well Service Ltd. (TSE:TCW) Receives Average Rating of “Hold” from Brokerages

Shares of Trican Well Service Ltd. (TSE:TCW) have been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$7.67.

TCW has been the subject of several research reports. BMO Capital Markets raised shares of Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their price objective 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. National Bank Financial boosted 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. Finally, Royal Bank Of Canada boosted their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th.

Trican Well Service Stock Performance

Shares of TSE:TCW opened at C$6.89 on Friday. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.22 and a beta of -0.41. Trican Well Service has a 12 month low of C$4.40 and a 12 month high of C$8.40. The firm’s 50-day moving average is C$7.30 and its 200 day moving average is C$6.85. 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 (TSE:TCW) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$330.27 million during the quarter. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%.

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 15th. 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.