Trican Well Service (TSE:TCW) Price Target Increased to C$6.00 by Analysts at BMO Capital Markets

Trican Well Service (TSE:TCW) had its price objective upped by BMO Capital Markets from C$5.50 to C$6.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Cormark increased their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Trican Well Service presently has an average rating of Moderate Buy and a consensus price target of C$5.91.

Trican Well Service Trading Down 3.3 %

TCW stock opened at C$5.01 on Wednesday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.75 and a current ratio of 2.74. The company’s 50-day simple moving average is C$4.71 and its 200 day simple moving average is C$4.39. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.33. The company has a market capitalization of C$1.02 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Monday, May 13th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. The firm had revenue of C$271.93 million for the quarter, compared to the consensus estimate of C$282.63 million. Trican Well Service had a net margin of 12.26% and a return on equity of 22.33%. As a group, sell-side analysts anticipate that Trican Well Service will post 0.5199063 earnings per share for the current year.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.045 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.18 dividend on an annualized basis and a yield of 3.59%. Trican Well Service’s dividend payout ratio (DPR) is presently 33.33%.

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.