Trican Well Service (TSE:TCW) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of Trican Well Service (TSE:TCW) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

TCW has been the subject of several other reports. BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. Raymond James Financial lowered their price target on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a report on Thursday. ATB Cormark Capital Markets upped 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. Finally, Royal Bank Of Canada increased their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Trican Well Service presently has an average rating of “Moderate Buy” and a consensus target price of C$7.71.

Trican Well Service Stock Up 0.2%

TCW stock opened at C$5.90 on Thursday. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 13.72, a PEG ratio of 0.22 and a beta of -0.41. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.75 and a current ratio of 1.77. Trican Well Service has a one year low of C$5.19 and a one year high of C$8.40. The company has a 50 day moving average price of C$6.96 and a two-hundred day moving average price of C$7.00.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%. The business had revenue of C$214.60 million during the quarter.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, June 15th. Trican Well Service’s dividend payout ratio is currently 51.16%.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.