Trican Well Service (TSE:TCW) Issues Quarterly Earnings Results

Trican Well Service (TSE:TCW) released its quarterly earnings data on Wednesday. The company reported C$0.15 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$322.73 million for the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%.

Trican Well Service Price Performance

Shares of TSE:TCW traded down C$0.04 during trading on Wednesday, hitting C$7.09. 771,898 shares of the stock were exchanged, compared to its average volume of 670,786. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The company has a market cap of C$1.50 billion, a PE ratio of 12.66, a P/E/G ratio of 0.22 and a beta of 0.31. Trican Well Service has a 12-month low of C$3.69 and a 12-month high of C$7.34. The company has a fifty day moving average price of C$6.38 and a two-hundred day moving average price of C$6.01.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, December 12th. Trican Well Service’s dividend payout ratio is presently 35.71%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TCW shares. ATB Cormark Capital Markets set a C$7.00 price target on Trican Well Service and gave the stock an “outperform” rating in a research report on Friday, December 5th. TD Securities lowered their price target on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a report on Wednesday, October 29th. Finally, Raymond James Financial downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$6.50.

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.