Trican Well Service Ltd. (TSE:TCW) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Trican Well Service Ltd. has received a consensus rating of "Moderate Buy" from five brokerages, with two hold ratings and three buy ratings.
• The average twelve-month target price for Trican Well Service is C$6.42, reflecting a positive outlook from analysts.
• The company recently increased its quarterly dividend payment to $0.055, representing an annualized yield of 3.8%.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$6.42.

TCW has been the topic of a number of research reports. National Bankshares boosted 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 research report on Friday, July 4th. ATB Capital boosted their price objective on Trican Well Service from C$5.50 to C$6.50 and gave the company an "outperform" rating in a research report on Friday, July 4th. BMO Capital Markets boosted their price objective on Trican Well Service from C$5.00 to C$6.00 and gave the company an "outperform" rating in a research report on Friday, July 4th. Raymond James Financial upgraded Trican Well Service from a "hold" rating to a "moderate buy" rating and boosted their price objective for the company from C$5.00 to C$6.50 in a research report on Friday, July 4th. Finally, TD Securities boosted their price objective on Trican Well Service from C$4.75 to C$5.50 and gave the company a "hold" rating in a research report on Friday, July 4th.

Trican Well Service Stock Performance

TCW opened at C$5.78 on Friday. The stock has a market cap of C$1.23 billion, a PE ratio of 10.70, a P/E/G ratio of 0.22 and a beta of 0.40. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. Trican Well Service has a 1 year low of C$3.69 and a 1 year high of C$6.39. The stock's 50 day simple moving average is C$5.92 and its 200-day simple moving average is C$5.08.

Trican Well Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Trican Well Service's previous quarterly dividend of $0.05. The ex-dividend date was Friday, September 12th. Trican Well Service's dividend payout ratio (DPR) is currently 35.19%.

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.

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