Trican Well Service Ltd. (TSE:TCW) Announces $0.05 Quarterly Dividend

Trican Well Service Ltd. (TSE:TCW - Get Free Report) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.05 per share on Monday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, June 13th.

Trican Well Service Stock Performance

Shares of Trican Well Service stock traded up C$0.03 during trading hours on Friday, hitting C$4.65. 353,516 shares of the company were exchanged, compared to its average volume of 549,806. Trican Well Service has a 1 year low of C$3.69 and a 1 year high of C$5.45. 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 business has a 50-day moving average of C$4.27 and a 200-day moving average of C$4.60. The stock has a market capitalization of C$877.53 million, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.22 and a beta of 1.73.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TCW. TD Securities cut their price target on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada upped their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd.

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.