Trican Well Service Ltd. to Issue Quarterly Dividend of $0.06 (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.055 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th.

Trican Well Service Price Performance

Shares of TSE TCW traded down C$0.03 during mid-day trading on Friday, reaching C$7.37. 239,682 shares of the company traded hands, compared to its average volume of 687,859. Trican Well Service has a fifty-two week low of C$4.40 and a fifty-two week high of C$8.40. The company has a debt-to-equity ratio of 7.60, a current ratio of 2.23 and a quick ratio of 1.75. The firm has a market cap of C$1.55 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.22 and a beta of -0.41. The stock has a fifty day simple moving average of C$7.33 and a 200-day simple moving average of C$6.81.

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

Analyst Ratings Changes

TCW has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. National Bank Financial raised their price objective on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$7.67.

Trican Well Service Company Profile

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.