Trican Well Service (TSE:TCW) Price Target Lowered to C$5.50 at Royal Bank of Canada

Trican Well Service (TSE:TCW) had its price objective trimmed by Royal Bank of Canada from C$6.00 to C$5.50 in a research report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, TD Securities cut their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Wednesday.

Trican Well Service Stock Down 0.7 %

Shares of TSE TCW opened at C$4.16 on Thursday. The company has a market cap of C$785.06 million, a price-to-earnings ratio of 7.40, a PEG ratio of 0.22 and a beta of 1.73. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. Trican Well Service has a 12 month low of C$3.69 and a 12 month high of C$5.45. The stock has a 50-day moving average price of C$4.46 and a two-hundred day moving average price of C$4.70.

Trican Well Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.05 per share. This is an increase from Trican Well Service’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Friday, March 14th. Trican Well Service’s payout ratio is currently 32.02%.

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.