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

Shares of Trican Well Service Ltd. (TSE:TCW) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Three research 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 covered the stock in the last year is C$5.57.

A number of equities analysts have issued reports on TCW shares. BMO Capital Markets lowered their target price on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Raymond James lowered their target price on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. ATB Capital increased their target price on Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday. Finally, TD Securities lowered 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 report on Tuesday, October 8th.

Trican Well Service Price Performance

TCW opened at C$4.82 on Wednesday. The company has a fifty day simple moving average of C$4.71 and a 200 day simple moving average of C$4.73. The stock has a market cap of C$925.15 million, a P/E ratio of 8.46, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.24.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.73%. Trican Well Service’s dividend payout ratio is 31.58%.

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.