Trican Well Service Ltd. (TCW) to Issue Quarterly Dividend of $0.05 on June 28th

Trican Well Service Ltd. (TSE:TCWGet Free Report) declared a quarterly dividend on Monday, May 13th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.045 per share on Friday, June 28th. This represents a $0.18 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, June 14th.

Trican Well Service Price Performance

TSE:TCW traded down C$0.05 during trading hours on Wednesday, hitting C$4.30. The company’s stock had a trading volume of 212,637 shares, compared to its average volume of 728,803. The business’s 50-day moving average is C$4.22 and its two-hundred day moving average is C$4.21. The company has a market capitalization of C$883.05 million, a PE ratio of 7.91, a PEG ratio of 0.22 and a beta of 1.82. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.75 and a current ratio of 2.06. Trican Well Service has a 52-week low of C$3.02 and a 52-week high of C$5.33.

Trican Well Service (TSE:TCWGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.14. The firm had revenue of C$254.92 million during the quarter, compared to analysts’ expectations of C$244.57 million. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. As a group, research analysts anticipate that Trican Well Service will post 0.4946746 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TCW shares. Raymond James set a C$4.50 price target on Trican Well Service and gave the company a “market perform” rating in a research report on Tuesday, January 16th. BMO Capital Markets dropped their price target on Trican Well Service from C$6.00 to C$5.00 in a research report on Thursday, March 28th. Finally, TD Securities dropped their price target on Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating for the company in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and a consensus price target of C$5.46.

Read Our Latest Analysis on TCW

Trican Well Service Company Profile

(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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