Trican Well Service Ltd. (TSE:TCW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Trican Well Service Ltd. (TSE:TCW) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.75.

A number of research analysts have recently weighed in on TCW shares. ATB Cormark Capital Markets set a C$7.00 price objective on Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. TD Securities cut their price target on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Wednesday, October 29th. National Bank Financial raised their price target on shares of Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Trican Well Service Trading Down 6.3%

TSE:TCW opened at C$6.52 on Friday. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$7.34. The firm has a fifty day simple moving average of C$6.43 and a 200-day simple moving average of C$6.03. 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 company has a market capitalization of C$1.38 billion, a P/E ratio of 11.64, a PEG ratio of 0.22 and a beta of 0.31.

Trican Well Service (TSE:TCW) last released its earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.The firm had revenue of C$322.73 million for the quarter.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 12th. Trican Well Service’s dividend payout ratio is presently 35.71%.

About Trican Well Service

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.