BMO Capital Markets Trims Trican Well Service (TSE:TCW) Target Price to C$5.00

Trican Well Service (TSE:TCW - Free Report) had its target price trimmed by BMO Capital Markets from C$6.00 to C$5.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other research firms have also recently issued reports on TCW. Raymond James set a C$4.50 price objective on Trican Well Service and gave the company a market perform rating in a research report on Tuesday, January 16th. TD Securities decreased their target price on shares of Trican Well Service from C$4.75 to C$4.50 and set a hold rating for the company in a research note on Friday, February 23rd. ATB Capital set a C$6.00 price objective on Trican Well Service and gave the stock an outperform rating in a research note on Friday, December 22nd. Finally, Stifel Nicolaus cut their price target on Trican Well Service from C$6.50 to C$6.00 and set a buy rating for the company in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$5.28.

Trican Well Service Stock Performance

Shares of TCW remained flat at C$4.15 during mid-day trading on Thursday. The stock had a trading volume of 755,705 shares, compared to its average volume of 735,460. The company has a debt-to-equity ratio of 3.51, a current ratio of 2.06 and a quick ratio of 1.75. The stock's 50 day moving average is C$4.17 and its 200-day moving average is C$4.31. Trican Well Service has a 12-month low of C$2.91 and a 12-month high of C$5.33. The stock has a market capitalization of C$864.28 million, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.22 and a beta of 1.85.

Trican Well Service (TSE:TCW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 EPS for the quarter, hitting analysts' consensus estimates of C$0.14. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. The firm had revenue of C$254.92 million for the quarter, compared to analysts' expectations of C$244.57 million. As a group, research analysts forecast that Trican Well Service will post 0.4897467 earnings per share for the current fiscal year.

Trican Well Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be issued a $0.045 dividend. This is an increase from Trican Well Service's previous quarterly dividend of $0.04. The ex-dividend date is Thursday, March 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.34%. Trican Well Service's dividend payout ratio (DPR) is presently 32.73%.

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.