Trican Well Service (TSE:TCW) Price Target Raised to C$8.00

Trican Well Service (TSE:TCW) had its price objective lifted by National Bank Financial from C$6.50 to C$8.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also recently commented on the stock. Raymond James Financial cut shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. ATB Cormark Capital Markets set a C$7.00 price target on shares of Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, TD Securities dropped their price objective on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Trican Well Service presently has an average rating of “Moderate Buy” and a consensus target price of C$6.75.

Trican Well Service Trading Down 6.3%

Shares of TCW opened at C$6.52 on Friday. Trican Well Service has a 52-week low of C$3.69 and a 52-week high of C$7.34. The business’s fifty day moving average is C$6.43 and its 200-day moving average is C$6.04. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.22 and a beta of 0.31.

Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. The business had revenue of C$322.73 million during the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 12th. Trican Well Service’s payout ratio is presently 35.71%.

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.