Trican Well Service Ltd. (TSE:TCW) Given Consensus Recommendation of "Moderate Buy" by Analysts

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$6.21.

TCW has been the subject of several recent research reports. National Bankshares increased their price objective on shares of Trican Well Service from C$5.75 to C$6.50 and gave the stock a "sector perform" rating in a research report on Friday. ATB Capital increased their price objective on shares of Trican Well Service from C$5.50 to C$6.50 and gave the stock an "outperform" rating in a research report on Friday. BMO Capital Markets increased their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock an "outperform" rating in a research report on Friday. Royal Bank Of Canada increased their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial raised shares of Trican Well Service from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from C$5.00 to C$6.50 in a research report on Friday.

Trican Well Service Trading Up 3.5%

Shares of Trican Well Service stock traded up C$0.18 during trading hours on Friday, hitting C$5.38. The company's stock had a trading volume of 1,059,842 shares, compared to its average volume of 563,849. Trican Well Service has a 1-year low of C$3.69 and a 1-year high of C$5.45. The business has a fifty day moving average of C$4.42 and a 200 day moving average of C$4.58. The company has a market capitalization of C$1.02 billion, a PE ratio of 9.57, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

Trican Well Service Announces Dividend

The company also recently declared 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 yield of 3.72%. The ex-dividend date of this dividend was Friday, June 13th. Trican Well Service's payout ratio is 32.02%.

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.