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

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.05 per share on Monday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, June 13th.

Trican Well Service Trading Up 1.8%

TSE TCW traded up C$0.08 during trading hours on Wednesday, reaching C$4.63. The company’s stock had a trading volume of 135,581 shares, compared to its average volume of 550,397. The firm has a fifty day simple moving average of C$4.23 and a 200-day simple moving average of C$4.60. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$5.45. The stock has a market cap of C$873.76 million, a P/E ratio of 8.24, a P/E/G ratio of 0.22 and a beta of 1.73.

Analysts Set New Price Targets

TCW has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of 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 decreased their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a report on Wednesday, April 16th.

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.