Brokerages Set Trican Well Service Ltd. (TSE:TCW) Target Price at C$5.57

Shares of Trican Well Service Ltd. (TSE:TCW) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$5.57.

TCW has been the subject of several research reports. BMO Capital Markets dropped their price target on Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Raymond James reduced their target price on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. 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 on the stock in a research report on Tuesday, October 8th.

Trican Well Service Price Performance

Shares of TSE TCW opened at C$4.84 on Wednesday. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The firm’s 50 day simple moving average is C$4.71 and its 200-day simple moving average is C$4.72. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.24. The stock has a market capitalization of C$928.99 million, a price-to-earnings ratio of 8.49, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.045 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.72%. Trican Well Service’s payout ratio is 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.