Trican Well Service (TSE:TCW – Free Report) had its target price cut by BMO Capital Markets from C$6.00 to C$5.00 in a report released on Thursday morning, BayStreet.CA reports.
Other research analysts have also recently issued research reports about the company. ATB Capital set a C$6.00 price target on Trican Well Service and gave the company an outperform rating in a research report on Friday, December 22nd. Raymond James set a C$4.50 target price on shares of Trican Well Service and gave the stock a market perform rating in a research report on Tuesday, January 16th. TD Securities lowered their price target on shares of Trican Well Service from C$4.75 to C$4.50 and set a hold rating on the stock in a research report on Friday, February 23rd. Finally, Stifel Nicolaus dropped their price target on shares of Trican Well Service from C$6.50 to C$6.00 and set a buy rating on the stock in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$5.28.
Read Our Latest Report on Trican Well Service
Trican Well Service Price Performance
Trican Well Service (TSE:TCW – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.14. Trican Well Service had a net margin of 12.44% and a return on equity of 23.69%. The company had revenue of C$254.92 million during the quarter, compared to analyst estimates of C$244.57 million. On average, equities analysts anticipate that Trican Well Service will post 0.4897467 EPS for the current year.
Trican Well Service Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 29th will be given a dividend of $0.045 per share. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, March 14th. Trican Well Service’s payout ratio is 32.73%.
Trican Well Service Company Profile
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.
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