Trican Well Service Ltd. (TSE:TCW) Receives C$5.57 Average Price Target from Brokerages

Trican Well Service Ltd. (TSE:TCW) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$5.57.

Several equities research analysts have recently commented on the stock. BMO Capital Markets decreased their target price on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. TD Securities decreased 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 report on Tuesday, October 8th. Finally, Raymond James dropped their target price on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th.

Trican Well Service Trading Down 1.4 %

Shares of TCW stock opened at C$4.84 on Wednesday. Trican Well Service has a fifty-two week low of C$3.79 and a fifty-two week 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 stock has a 50 day simple moving average of C$4.71 and a two-hundred day simple moving average of C$4.73. The company has a market cap of C$928.99 million, a P/E ratio of 8.49, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, December 13th. Trican Well Service’s dividend payout ratio (DPR) is currently 31.58%.

About Trican Well Service

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.