TD Securities Cuts Trican Well Service (TSE:TCW) Price Target to C$4.75

Trican Well Service (TSE:TCW) had its price target trimmed by TD Securities from C$5.00 to C$4.75 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Trican Well Service Price Performance

Shares of TCW stock opened at C$4.16 on Wednesday. The stock has a 50 day moving average price of C$4.45 and a 200 day moving average price of C$4.70. The firm has a market capitalization of C$785.06 million, a P/E ratio of 7.40, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. Trican Well Service has a 52-week low of C$3.69 and a 52-week high of C$5.45.

Trican Well Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Friday, March 14th. Trican Well Service’s payout ratio is currently 32.02%.

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.