Trican Well Service Ltd. (TSE:TCW) Given Average Recommendation of “Moderate Buy” by Analysts

Trican Well Service Ltd. (TSE:TCW) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$5.72.

Several brokerages have recently issued reports on TCW. Royal Bank of Canada raised their target price on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. TD Securities lowered their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Tuesday, October 8th. Cormark raised their target price on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Finally, Raymond James dropped their price target on Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th.

Trican Well Service Price Performance

Trican Well Service stock opened at C$4.79 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. The stock has a market cap of C$919.39 million, a P/E ratio of 8.40, a P/E/G ratio of 0.22 and a beta of 1.73. The company’s 50 day moving average price is C$4.70 and its two-hundred day moving average price is C$4.65. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.24.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.045 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.18 annualized dividend and a yield of 3.76%. Trican Well Service’s dividend payout ratio is currently 31.58%.

About Trican Well Service

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.