Trican Well Service Ltd. (TSE:TCW) Declares Quarterly Dividend of $0.05

Trican Well Service Ltd. (TSE:TCW) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.045 per share on Tuesday, December 31st. This represents a $0.18 annualized dividend and a yield of 3.91%. The ex-dividend date is Friday, December 13th.

Trican Well Service Trading Up 1.3 %

Shares of TCW opened at C$4.60 on Thursday. The company’s fifty day moving average is C$4.76 and its 200 day moving average is C$4.63. Trican Well Service has a fifty-two week low of C$3.79 and a fifty-two week high of C$5.24. The stock has a market capitalization of C$882.92 million, a PE ratio of 7.96, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%.

Insider Activity

In other news, Senior Officer Scott Eric Matson bought 27,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of C$4.82 per share, for a total transaction of C$130,140.00. Insiders have purchased a total of 35,977 shares of company stock worth $173,559 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TCW shares. Raymond James decreased their price objective on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. BMO Capital Markets decreased their price objective on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday. Royal Bank of Canada lifted their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Cormark lifted their price objective on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, TD Securities decreased their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trican Well Service has an average rating of “Moderate Buy” and an average price target of C$5.72.

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.