Trican Well Service (TSE:TCW) Trading 2.9% Higher - What's Next?

Trican Well Service Ltd. (TSE:TCW - Get Free Report)'s stock price shot up 2.9% during mid-day trading on Friday . The company traded as high as C$5.40 and last traded at C$5.35. 172,981 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 559,943 shares. The stock had previously closed at C$5.20.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities decreased their target price on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a research report on Wednesday, April 16th.

Trican Well Service Stock Up 2.9%

The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.22 and a beta of 1.73. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The stock has a fifty day moving average of C$4.40 and a 200-day moving average of C$4.57.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, June 13th. Trican Well Service's dividend 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.

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