Trican Well Service Ltd. (TSE:TCW) Given Average Rating of "Moderate Buy" by Brokerages

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$6.21.

Several equities analysts have recently weighed in on the company. Raymond James Financial upgraded Trican Well Service from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from C$5.00 to C$6.50 in a report on Friday. TD Securities lifted their price objective on Trican Well Service from C$4.75 to C$5.50 and gave the company a "hold" rating in a report on Friday. National Bankshares lifted their price objective on Trican Well Service from C$5.75 to C$6.50 and gave the company a "sector perform" rating in a report on Friday. ATB Capital boosted their target price on Trican Well Service from C$5.50 to C$6.50 and gave the company an "outperform" rating in a research note on Friday. Finally, Royal Bank Of Canada boosted 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 note on Thursday, May 22nd.

Trican Well Service Stock Up 0.2%

Shares of TSE:TCW traded up C$0.01 during trading on Friday, hitting C$5.39. 632,495 shares of the company's stock traded hands, compared to its average volume of 564,381. Trican Well Service has a 52 week low of C$3.69 and a 52 week 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 company has a market cap of C$1.02 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a 50-day moving average price of C$4.45 and a 200-day moving average price of C$4.58.

Trican Well Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, June 13th. Trican Well Service's payout ratio is presently 32.02%.

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.