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

Trican Well Service Ltd. (TSE:TCW) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.05 per share on Monday, June 30th. This represents a $0.20 annualized dividend and a yield of 4.31%. The ex-dividend date is Friday, June 13th.

Trican Well Service Stock Performance

Shares of TSE:TCW traded up C$0.09 on Wednesday, reaching C$4.64. 68,276 shares of the company’s stock were exchanged, compared to its average volume of 549,638. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$5.45. The company has a fifty day moving average of C$4.23 and a 200-day moving average of C$4.60. The company has a market capitalization of C$875.65 million, a price-to-earnings ratio of 8.25, 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.

Analysts Set New Price Targets

TCW has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. TD Securities cut 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 Wednesday, April 16th.

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.