Trican Well Service (TSE:TCW) Price Target Cut to C$5.50

Trican Well Service (TSE:TCW - Free Report) had its price objective cut by BMO Capital Markets from C$6.00 to C$5.50 in a report issued on Friday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

TCW has been the subject of several other research reports. 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 report on Thursday, August 1st. Cormark increased their target price on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Raymond James raised their price target on Trican Well Service from C$4.50 to C$5.00 and gave the company a market perform rating in a research note on Thursday, August 1st. Finally, TD Securities upped their price objective on Trican Well Service from C$4.50 to C$5.00 and gave the stock a hold rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$5.84.

Trican Well Service Stock Down 5.6 %

Shares of TSE TCW traded down C$0.28 during mid-day trading on Friday, hitting C$4.76. The company had a trading volume of 997,666 shares, compared to its average volume of 713,527. Trican Well Service has a 1-year low of C$3.79 and a 1-year high of C$5.24. The company has a market capitalization of C$949.52 million, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.22 and a beta of 1.75. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The business's 50-day simple moving average is C$4.90 and its 200 day simple moving average is C$4.58.

Trican Well Service (TSE:TCW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of C$211.81 million for the quarter, compared to analyst estimates of C$191.10 million. On average, analysts predict that Trican Well Service will post 0.6312336 earnings per share for the current year.

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, September 13th. Trican Well Service's payout ratio is 31.58%.

Insider Transactions at Trican Well Service

In other news, Senior Officer Scott Eric Matson acquired 27,000 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$4.82 per share, with a total value of C$130,140.00. Over the last 90 days, insiders have bought 35,977 shares of company stock worth $173,559. Corporate insiders own 0.60% of the company's stock.

Trican Well Service Company Profile

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.