Trican Well Service Ltd. (TSE:TCW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Trican Well Service Ltd. (TSE:TCW) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three 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 brokerages that have covered the stock in the last year is C$5.57.

Several brokerages have recently commented on TCW. Raymond James cut their price target on Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. BMO Capital Markets cut 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. Finally, 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 for the company in a research report on Tuesday, October 8th.

Trican Well Service Stock Up 0.8 %

Shares of TSE TCW opened at C$4.94 on Wednesday. The stock has a 50 day moving average price of C$4.71 and a 200 day moving average price of C$4.70. The firm has a market capitalization of C$948.18 million, a price-to-earnings ratio of 8.67, a PEG ratio of 0.22 and a beta of 1.73. Trican Well Service has a 52-week low of C$3.79 and a 52-week high of C$5.24. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60.

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.64%. Trican Well Service’s dividend payout ratio (DPR) is presently 31.58%.

Trican Well Service Company Profile

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.