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

Shares of Trican Well Service Ltd. (TSE:TCW) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.72.

TCW has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Securities lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Tuesday, October 8th. Raymond James decreased their target price on Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. BMO Capital Markets dropped their price objective on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. Finally, Cormark raised their target price on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th.

Trican Well Service Stock Down 1.5 %

Shares of Trican Well Service stock opened at C$4.65 on Friday. Trican Well Service has a 1-year low of C$3.79 and a 1-year high of C$5.24. The business’s fifty day moving average price is C$4.68 and its two-hundred day moving average price is C$4.65. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The company has a market capitalization of C$892.52 million, a P/E ratio of 8.16, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.87%. Trican Well Service’s dividend payout ratio is presently 31.58%.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.