Shares of Trican Well Service Ltd. (TSE:TCW – Get Free Report) have been given an average rating of “Moderate Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$7.71.
A number of equities analysts recently weighed in on TCW shares. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$7.00 to C$9.00 in a report on Tuesday, May 12th. 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 company a “sector perform” rating in a report on Wednesday, May 13th. Raymond James Financial dropped their target price on shares of Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. TD Securities raised shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, 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 report on Wednesday, May 13th.
Read Our Latest Stock Analysis on Trican Well Service
Insider Activity
Trican Well Service Stock Up 0.3%
TSE:TCW opened at C$6.26 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. Trican Well Service has a twelve month low of C$5.19 and a twelve month high of C$8.40. The company has a market cap of C$1.31 billion, a PE ratio of 14.56, a P/E/G ratio of 0.22 and a beta of -0.46. The company’s 50 day moving average is C$6.67 and its two-hundred day moving average is C$6.99.
Trican Well Service (TSE:TCW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%.The firm had revenue of C$214.60 million during the quarter.
Trican Well Service Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, June 15th. Trican Well Service’s payout ratio is presently 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.
Featured Articles
- Five stocks we like better than Trican Well Service
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for Trican Well Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trican Well Service and related companies with MarketBeat.com's FREE daily email newsletter.
