Raymond James Financial Cuts Trican Well Service (TSE:TCW) Price Target to C$6.75

Trican Well Service (TSE:TCW) had its target price lowered by Raymond James Financial from C$7.50 to C$6.75 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

A number of other research analysts also recently commented on the stock. ATB Cormark Capital Markets increased their price objective on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$7.71.

Trican Well Service Stock Performance

Shares of TCW opened at C$5.92 on Thursday. The business’s 50 day moving average is C$6.91 and its two-hundred day moving average is C$7.00. Trican Well Service has a 52-week low of C$5.19 and a 52-week high of C$8.40. The firm has a market cap of C$1.24 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.22 and a beta of -0.41. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 3.24.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$214.60 million for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.

Trican Well Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, June 15th. Trican Well Service’s dividend payout ratio (DPR) is presently 51.16%.

About Trican Well Service

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.