Trican Well Service Ltd. (TCW) to Issue Quarterly Dividend of $0.06 on June 30th

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.055 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 15th.

Trican Well Service Stock Performance

Trican Well Service stock traded down C$0.03 during midday trading on Friday, reaching C$7.37. 239,682 shares of the company’s stock were exchanged, compared to its average volume of 687,859. Trican Well Service has a 52 week low of C$4.40 and a 52 week high of C$8.40. The company has a debt-to-equity ratio of 7.60, a quick ratio of 1.75 and a current ratio of 2.23. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.22 and a beta of -0.41. The stock’s 50-day simple moving average is C$7.33 and its 200 day simple moving average is C$6.81.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.14 EPS for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.The business had revenue of C$330.27 million during the quarter.

Analyst Ratings Changes

TCW has been the subject of a number of research analyst reports. National Bank Financial lifted their price target 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 lifted their price target on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets lifted their price target on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$7.67.

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.