Trican Well Service Ltd. (TSE:TCW) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give Trican Well Service a consensus rating of Hold from six firms (four Hold, two Buy) with an average 12‑month price target of C$6.75; recent analyst moves include National Bank Financial raising its target to C$8.00 and RBC cutting to Hold with a C$7.50 target.
• Shares opened at C$7.33, trading near their 50‑day (C$7.00) and 200‑day (C$6.40) moving averages, with a market cap of C$1.54 billion and a P/E of 12.86.
• Recent quarter reported EPS of C$0.15 on revenue of C$322.73M (ROE 19.03%, net margin 10.23%), and the company pays a quarterly dividend of C$0.055 (annualized C$0.22) for a 3.0% yield and a DPR of 36.84%.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$6.75.

A number of equities analysts have recently issued reports on the company. National Bank Financial increased their target price on Trican Well Service from C$6.50 to C$8.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. Royal Bank Of Canada cut Trican Well Service from a "moderate buy" rating to a "hold" rating and set a C$7.50 target price for the company. in a report on Tuesday, April 14th.

Trican Well Service Trading Up 1.5%

Trican Well Service stock opened at C$7.33 on Thursday. The business has a 50 day moving average price of C$7.00 and a two-hundred day moving average price of C$6.40. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.22 and a beta of -0.30. Trican Well Service has a 12 month low of C$3.98 and a 12 month high of C$7.94.

Trican Well Service (TSE:TCW - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$322.73 million during the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.0%. Trican Well Service's dividend payout ratio (DPR) is presently 36.84%.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.

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