Brokerages Set Trican Well Service Ltd. (TSE:TCW) PT at C$6.17

Key Points

• Trican Well Service Ltd. has received an average recommendation of "Moderate Buy" from five research firms, with two analysts rating it as a hold and three as a buy.
• The company has seen its target price adjusted upward, with analysts setting a twelve-month price objective of C$6.17 following recent reports.
• Trican Well Service recently paid a quarterly dividend of $0.05, leading to an annualized dividend yield of 3.4%.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$6.17.

A number of brokerages have weighed in on TCW. National Bankshares boosted their target price 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 note on Friday, July 4th. BMO Capital Markets boosted their target price on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock an "outperform" rating in a research note on Friday, July 4th. TD Securities boosted their target price on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a "hold" rating in a research note on Friday, July 4th. Raymond James Financial raised shares of Trican Well Service from a "hold" rating to a "moderate buy" rating and boosted their price target for the stock from C$5.00 to C$6.50 in a research note on Friday, July 4th. Finally, ATB Capital boosted their price target on shares of Trican Well Service from C$5.50 to C$6.50 and gave the stock an "outperform" rating in a research note on Friday, July 4th.

Trican Well Service Price Performance

Shares of TSE TCW traded up C$0.12 during trading on Friday, reaching C$5.94. The company had a trading volume of 487,466 shares, compared to its average volume of 564,308. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$6.02. The stock has a market cap of C$1.12 billion, a PE ratio of 10.57, a PEG ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The business's 50 day moving average price is C$5.49 and its 200-day moving average price is C$4.78.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.4%. 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 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.