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

Shares of Trican Well Service Ltd. (TSE:TCW) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$7.90.

Several equities research analysts recently weighed in on TCW shares. BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. ATB Cormark Capital Markets increased their price target 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 raised their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th.

Trican Well Service Price Performance

Shares of TCW opened at C$6.65 on Tuesday. The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.22 and a beta of -0.41. The firm’s fifty day simple moving average is C$7.22 and its 200-day simple moving average is C$6.95. Trican Well Service has a twelve month low of C$5.19 and a twelve month high of C$8.40. 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 posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$330.27 million for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.055 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.3%. Trican Well Service’s dividend payout ratio is presently 39.81%.

Trican Well Service Company Profile

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.