Trican Well Service (TSE:TCW) Issues Quarterly Earnings Results

Trican Well Service (TSE:TCW – Get Free Report) released its quarterly earnings results on Tuesday. The company reported C$0.14 earnings per share (EPS) for the quarter, FiscalAI reports. Trican Well Service had a net margin of 10.23% and a return on equity of 19.03%. The firm had revenue of C$330.27 million during the quarter.

Trican Well Service Stock Up 5.0%

TSE:TCW traded up C$0.36 on Tuesday, hitting C$7.53. The stock had a trading volume of 162,169 shares, compared to its average volume of 718,733. The business’s fifty day moving average is C$7.04 and its 200 day moving average is C$6.46. The company has a market cap of C$1.58 billion, a PE ratio of 13.21, a P/E/G ratio of 0.22 and a beta of -0.27. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. Trican Well Service has a 52 week low of C$4.22 and a 52 week high of C$7.94.

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Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, March 13th. Trican Well Service’s dividend payout ratio is 36.84%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating and set a C$7.50 target price for the company. in a report on Tuesday, April 14th. National Bank Financial raised their price objective on shares of Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$6.75.

Read Our Latest Analysis on TCW

Trican Well Service Company Profile

(Get Free Report)

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.

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