Trican Well Service Ltd. (TSE:TCW) Announces Quarterly Dividend of $0.06

Trican Well Service Ltd. (TSE:TCW) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.055 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Trican Well Service Stock Up 0.6%

TSE TCW traded up C$0.04 on Friday, hitting C$6.32. 407,100 shares of the company were exchanged, compared to its average volume of 721,574. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. Trican Well Service has a 12 month low of C$5.19 and a 12 month high of C$8.40. The company has a market cap of C$1.32 billion, a PE ratio of 14.70, a PEG ratio of 0.22 and a beta of -0.27. The stock has a fifty day moving average of C$6.33 and a 200-day moving average of C$6.86.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on TCW shares. Raymond James Financial dropped their price target on shares of Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. TD Securities upgraded shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$7.71.

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.