Analysts Set Trican Well Service Ltd. (TSE:TCW) Price Target at C$5.57

Trican Well Service Ltd. (TSE:TCW - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$5.57.

TCW has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Raymond James decreased their target price on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Finally, TD Securities decreased 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 research note on Tuesday, October 8th.

Trican Well Service Trading Down 1.6 %

Shares of TSE TCW traded down C$0.08 during midday trading on Wednesday, reaching C$4.86. 206,336 shares of the stock were exchanged, compared to its average volume of 681,243. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The company has a market capitalization of C$932.83 million, a P/E ratio of 8.67, a P/E/G ratio of 0.22 and a beta of 1.73. The stock has a 50 day moving average price of C$4.71 and a 200-day moving average price of C$4.71. Trican Well Service has a 52-week low of C$3.79 and a 52-week high of C$5.24.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.18 annualized dividend and a yield of 3.70%. Trican Well Service's dividend payout ratio (DPR) is presently 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.