Trican Well Service Ltd. Announces Quarterly Dividend of $0.06 (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 0.055 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Trican Well Service Price Performance

Trican Well Service stock traded up C$0.04 during mid-day trading on Friday, hitting C$6.32. The stock had a trading volume of 407,100 shares, compared to its average volume of 721,574. Trican Well Service has a one year low of C$5.19 and a one year high of C$8.40. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.22 and a beta of -0.27. The firm’s 50 day moving average is C$6.33 and its 200 day moving average is C$6.86.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$214.60 million for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.

Analyst Ratings Changes

Several brokerages recently issued reports on TCW. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Raymond James Financial dropped their price target on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating for the company in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Trican Well Service has a consensus rating of “Moderate Buy” and an average target price of C$7.71.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.