Trican Well Service Ltd. Declares Quarterly Dividend of $0.05 (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.045 per share on Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Friday, December 13th.

Trican Well Service Stock Performance

Shares of TSE:TCW traded up C$0.08 during trading hours on Thursday, hitting C$4.62. The stock had a trading volume of 987,376 shares, compared to its average volume of 707,152. The stock's fifty day simple moving average is C$4.76 and its 200 day simple moving average is C$4.63. The firm has a market capitalization of C$886.76 million, a price-to-earnings ratio of 8.12, a PEG ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60. Trican Well Service has a 1-year low of C$3.79 and a 1-year high of C$5.24.

Trican Well Service (TSE:TCW - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. The firm had revenue of C$211.81 million for the quarter, compared to the consensus estimate of C$191.10 million.

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson bought 27,000 shares of the firm's stock in a transaction on Friday, August 9th. The stock was bought at an average price of C$4.82 per share, with a total value of C$130,140.00. Insiders have acquired a total of 35,977 shares of company stock valued at $173,559 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on TCW shares. Royal Bank of Canada boosted their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. BMO Capital Markets cut their target price on Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday. Cormark increased their price target on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Raymond James dropped their price objective on Trican Well Service from C$5.00 to C$4.75 in a research note 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$5.72.

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.