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

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Friday, December 13th.

Trican Well Service Stock Performance

Shares of TCW stock opened at C$4.54 on Thursday. The company has a market capitalization of C$871.41 million, a P/E ratio of 7.96, a P/E/G ratio of 0.22 and a beta of 1.73. The business’s 50 day moving average is C$4.76 and its two-hundred day moving average is C$4.63. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. Trican Well Service has a 12-month low of C$3.79 and a 12-month high of C$5.24.

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

Analyst Ratings Changes

TCW has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday. Raymond James decreased their target price on Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Cormark raised their target price on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. TD Securities decreased their target price on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada raised their target price on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$5.72.

Insider Buying and Selling

In related news, Senior Officer Scott Eric Matson acquired 27,000 shares of Trican Well Service 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. Over the last 90 days, insiders have purchased 35,977 shares of company stock worth $173,559. 0.62% of the stock is owned by corporate insiders.

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.