Trican Well Service (TSE:TCW) Price Target Raised to C$5.00 at TD Securities

Trican Well Service (TSE:TCW) had its price objective raised by TD Securities from C$4.50 to C$5.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also recently commented on the stock. ATB Capital increased their price target on shares of Trican Well Service from C$5.50 to C$6.00 in a research note on Tuesday, December 10th. BMO Capital Markets cut their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th.

Trican Well Service Stock Performance

Shares of TCW stock opened at C$4.92 on Thursday. The stock has a market cap of C$928.49 million, a P/E ratio of 8.75, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. The company has a fifty day moving average price of C$4.92 and a two-hundred day moving average price of C$4.84. Trican Well Service has a one year low of C$3.88 and a one year high of C$5.45.

Trican Well Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Friday, December 13th. Trican Well Service’s payout ratio is presently 32.02%.

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.