Trican Well Service Ltd. (TSE:TCW) Receives C$7.67 Average Price Target from Analysts

Trican Well Service Ltd. (TSE:TCW) has been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat Ratings 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 target price among analysts that have covered the stock in the last year is C$7.67.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of 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 report on Tuesday, May 12th. ATB Cormark Capital Markets upped 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 report on Wednesday, May 13th. Royal Bank Of Canada upped 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 report on Wednesday, May 13th. Finally, National Bank Financial upped 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 report on Friday, February 20th.

Trican Well Service Price Performance

Shares of TCW opened at C$7.46 on Monday. The company has a market cap of C$1.57 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.22 and a beta of -0.27. Trican Well Service has a 1-year low of C$4.27 and a 1-year high of C$8.40. The company’s fifty day simple moving average is C$7.31 and its 200 day simple moving average is C$6.68. 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 issued its earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$330.27 million for the quarter. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, March 13th. Trican Well Service’s payout ratio is currently 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.