Trican Well Service (TSE:TCW) Price Target Raised to C$8.50

Trican Well Service (TSE:TCW) had its target price upped by Royal Bank Of Canada from C$7.50 to C$8.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities analysts have also issued reports on TCW. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$7.00 to C$9.00 in a research note on Tuesday. National Bank Financial increased their target price on Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$7.67.

Trican Well Service Price Performance

TCW opened at C$7.89 on Wednesday. The stock’s 50-day moving average price is C$7.14 and its 200 day moving average price is C$6.51. Trican Well Service has a 12-month low of C$4.22 and a 12-month high of C$7.94. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 7.60. The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.22 and a beta of -0.27.

Trican Well Service (TSE:TCW) last posted its earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.The firm had revenue of C$330.27 million for the quarter.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.8%. Trican Well Service’s dividend payout ratio (DPR) is currently 39.81%.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.