Trican Well Service (OTCMKTS:TOLWF) PT Lowered to C$5.50

Trican Well Service (OTCMKTS:TOLWF – Get Rating) had its price target cut by Royal Bank of Canada from C$6.00 to C$5.50 in a research report released on Tuesday, The Fly reports.

Separately, Stifel Nicolaus decreased their target price on shares of Trican Well Service from C$6.50 to C$5.75 in a research report on Friday, February 24th.

Trican Well Service Price Performance

Shares of Trican Well Service stock opened at $2.41 on Tuesday. Trican Well Service has a twelve month low of $1.95 and a twelve month high of $3.91. The company’s fifty day moving average is $2.28 and its 200 day moving average is $2.54.

Trican Well Service Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were given a dividend of $0.0295 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a yield of 4.9%. Trican Well Service’s dividend payout ratio (DPR) is currently -145.40%.

Trican Well Service Company Profile

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Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.