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

Key Points

• Analyst consensus: Six brokers give Trican a consensus rating of "Moderate Buy" (three buys, three holds) with an average 12‑month target of C$6.75; National Bank recently raised its target to C$8.00 while Raymond James trimmed its rating to "hold".
• Recent performance and fundamentals: TCW opened at C$7.36, trades in a 12‑month range of C$3.69–C$7.94, has a market cap of C$1.55B and a P/E of 12.91, and reported C$0.15 EPS on C$322.73M revenue for the last quarter.
• Dividend profile: the company pays a quarterly dividend of C$0.055 (C$0.22 annualized) yielding about 3.0% with a payout ratio of ~36.8%.

Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$6.75.

TCW has been the topic of a number of analyst reports. National Bank Financial lifted their price target on Trican Well Service from C$6.50 to C$8.00 and gave the company a "sector perform" rating in a report on Friday, February 20th. Raymond James Financial cut Trican Well Service from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, December 9th.

Trican Well Service Stock Performance

TCW stock opened at C$7.36 on Friday. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$7.94. The firm's 50-day moving average is C$7.04 and its 200 day moving average is C$6.28. The company has a market capitalization of C$1.55 billion, a PE ratio of 12.91, a P/E/G ratio of 0.22 and a beta of -0.05. The company has a debt-to-equity ratio of 19.28, a current ratio of 2.49 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$322.73 million for 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.055 dividend. 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 payout ratio is presently 36.84%.

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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