Trican Well Service Ltd. (TSE:TCW – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.92 and traded as low as C$6.31. Trican Well Service shares last traded at C$6.45, with a volume of 529,142 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. ATB Cormark Capital Markets boosted their price target on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$7.90.
Check Out Our Latest Research Report on Trican Well Service
Trican Well Service Price Performance
Trican Well Service (TSE:TCW – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$330.27 million during the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.
Trican Well Service Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.3%. Trican Well Service’s payout ratio is 39.81%.
About Trican Well Service
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.
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