Trican Well Service Ltd. (TCW) To Go Ex-Dividend on September 13th

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.045 per share on Monday, September 30th. This represents a $0.18 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, September 13th.

Trican Well Service Stock Up 1.2 %

TSE:TCW traded up C$0.06 during mid-day trading on Thursday, hitting C$5.10. 48,402 shares of the company’s stock were exchanged, compared to its average volume of 718,737. Trican Well Service has a one year low of C$3.79 and a one year high of C$5.33. The company has a debt-to-equity ratio of 3.40, a current ratio of 2.74 and a quick ratio of 1.75. The business has a fifty day moving average price of C$4.66 and a 200 day moving average price of C$4.37. The company has a market cap of C$1.04 billion, a PE ratio of 9.33, a P/E/G ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last issued its earnings results on Monday, May 13th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$271.93 million for the quarter, compared to the consensus estimate of C$282.63 million. Trican Well Service had a net margin of 12.26% and a return on equity of 22.33%. Equities analysts predict that Trican Well Service will post 0.5199063 EPS for the current year.

Wall Street Analyst Weigh In

TCW has been the topic of a number of research analyst reports. TD Securities increased their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Cormark increased their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a research note on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$5.82.

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.