Trican Well Service Ltd. Plans Quarterly Dividend of $0.05 (TSE:TCW)

Trican Well Service Ltd. (TSE:TCWGet Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 13th will be given a dividend of 0.045 per share on Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Friday, December 13th.

Trican Well Service Trading Up 5.8 %

TSE TCW opened at C$4.54 on Thursday. The firm has a market cap of C$871.41 million, a price-to-earnings ratio of 7.96, a PEG ratio of 0.22 and a beta of 1.73. Trican Well Service has a one year low of C$3.79 and a one year high of C$5.24. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60. The firm has a 50 day simple moving average of C$4.76 and a 200-day simple moving average of C$4.63.

Trican Well Service (TSE:TCWGet Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The business had revenue of C$211.81 million during the quarter, compared to the consensus estimate of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets lowered their target price on Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday. TD Securities lowered their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research report on Tuesday, October 8th. Royal Bank of Canada raised their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Cormark boosted their price target on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, Raymond James dropped their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$5.72.

View Our Latest Stock Report on Trican Well Service

Insider Buying and Selling

In related news, Senior Officer Scott Eric Matson acquired 27,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of C$4.82 per share, with a total value of C$130,140.00. Insiders acquired a total of 35,977 shares of company stock worth $173,559 over the last 90 days. 0.62% of the stock is owned by insiders.

About Trican Well Service

(Get Free Report)

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.

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Dividend History for Trican Well Service (TSE:TCW)

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