Trican Well Service (TSE:TCW) Stock Price Down 8.1% - Should You Sell?

Key Points

• Stock fell 8.1% to C$6.61 on Tuesday, trading as low as C$6.60 with ~490,933 shares exchanged (about 32% below the average daily volume) after a prior close of C$7.19.
• National Bank Financial raised its target to C$8.00 and gave a "sector perform" rating; overall analyst coverage is split (three Buys, three Holds) with a MarketBeat consensus of "Moderate Buy" and an average target of C$6.75.
• Trican reported C$0.15 EPS on C$322.7M revenue, with a P/E of ~11.7 and ROE ~19.0%, and pays a quarterly dividend that annualizes to C$0.22 for a roughly 3.3% yield (DPR ~36.8%).

Trican Well Service Ltd. (TSE:TCW - Get Free Report)'s share price dropped 8.1% during trading on Tuesday . The stock traded as low as C$6.60 and last traded at C$6.61. Approximately 490,933 shares traded hands during trading, a decline of 32% from the average daily volume of 716,708 shares. The stock had previously closed at C$7.19.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their target price on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a "sector perform" rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$6.75.

Trican Well Service Stock Down 7.4%

The firm's 50-day simple moving average is C$7.08 and its 200 day simple moving average is C$6.34. The company has a market cap of C$1.40 billion, a P/E ratio of 11.68, a PEG ratio of 0.22 and a beta of -0.30. The company has a debt-to-equity ratio of 19.28, a quick ratio of 1.75 and a current ratio of 2.49.

Trican Well Service (TSE:TCW - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$322.73 million during the quarter. Trican Well Service had a net margin of 10.23% and a return on equity of 19.03%.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, March 13th. Trican Well Service's dividend payout ratio (DPR) is currently 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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