Trican Well Service (TSE:TCW) Price Target Raised to C$8.50

Trican Well Service (TSE:TCW – Free Report) had its price target increased by ATB Cormark Capital Markets from C$8.00 to C$8.50 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

TCW has been the topic of a number of other reports. BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$7.00 to C$9.00 in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, National Bank Financial lifted their price target on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Trican Well Service currently has a consensus rating of “Hold” and an average target price of C$7.67.

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Trican Well Service Trading Up 0.3%

Shares of TCW stock opened at C$7.89 on Wednesday. The business’s 50 day moving average is C$7.14 and its two-hundred day moving average is C$6.51. Trican Well Service has a twelve month low of C$4.22 and a twelve month high of C$7.94. The company has a market capitalization of C$1.66 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 7.60.

Trican Well Service (TSE:TCW – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.The company had revenue of C$330.27 million for the quarter.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.055 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.8%. Trican Well Service’s payout ratio is 39.81%.

Trican Well Service Company Profile

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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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