Trican Well Service Ltd. (TSE:TCW) Announces Quarterly Dividend of $0.06

Trican Well Service Ltd. (TSE:TCW) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.055 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Trican Well Service Stock Up 0.6%

Shares of TCW stock traded up C$0.04 during midday trading on Friday, reaching C$6.32. 407,100 shares of the stock were exchanged, compared to its average volume of 721,574. The firm has a market cap of C$1.32 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. The company’s 50 day moving average is C$6.33 and its two-hundred day moving average is C$6.86. Trican Well Service has a 1 year low of C$5.19 and a 1 year high of C$8.40.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%.The firm had revenue of C$214.60 million during the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TCW. Raymond James Financial lowered their price target on shares of Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a research report on Thursday, July 30th. TD Securities upgraded shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Trican Well Service presently has an average rating of “Moderate Buy” and an average price target of C$7.71.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.