Trican Well Service (TSE:TCW) Price Target Raised to C$6.50 at ATB Capital

Trican Well Service (TSE:TCW - Free Report) had its price target upped by ATB Capital from C$5.50 to C$6.50 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TCW has been the subject of a number of other reports. Royal Bank Of Canada upped 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 note on Thursday, May 22nd. National Bankshares upped 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 note on Friday. Finally, TD Securities upped their price objective 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$6.21.

Trican Well Service Stock Up 3.5%

TSE:TCW traded up C$0.18 during mid-day trading on Friday, reaching 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 stock has a fifty day moving average of C$4.42 and a 200-day moving average of C$4.57. The firm has a market capitalization of C$1.02 billion, a PE ratio of 9.57, a price-to-earnings-growth 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. Shareholders of record on Monday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, June 13th. Trican Well Service's payout ratio is 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.