Trican Well Service Ltd. (TSE:TCW) Receives C$6.75 Consensus Target Price from Analysts

Trican Well Service Ltd. (TSE:TCW) has earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$6.75.

TCW has been the topic of several analyst reports. National Bank Financial raised their price objective on Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Royal Bank Of Canada cut Trican Well Service from a “moderate buy” rating to a “hold” rating and set a C$7.50 target price on the stock. in a report on Tuesday, April 14th.

Trican Well Service Price Performance

TCW stock opened at C$6.92 on Thursday. Trican Well Service has a 52-week low of C$4.03 and a 52-week high of C$7.94. The stock’s fifty day simple moving average is C$7.02 and its 200-day simple moving average is C$6.43. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. The stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.15 earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.The business had revenue of C$322.73 million for the quarter.

Trican Well Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.055 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. Trican Well Service’s dividend payout ratio (DPR) is presently 36.84%.

About Trican Well Service

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.