Trican Well Service (TSE:TCW) Price Target Raised to C$6.50

Posted by Jeff Wilder on Jul 31st, 2024

Trican Well Service (TSE:TCW – Free Report) had its price objective boosted by Cormark from C$6.00 to C$6.50 in a report published on Monday morning, BayStreet.CA reports.

Trican Well Service Trading Up 2.2 %

Shares of Trican Well Service stock opened at C$5.04 on Monday. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.22 and a beta of 1.82. Trican Well Service has a fifty-two week low of C$3.79 and a fifty-two week high of C$5.33. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.75 and a current ratio of 2.74. The stock has a 50 day moving average of C$4.66 and a 200 day moving average of C$4.37.

Trican Well Service (TSE:TCW – Get Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$271.93 million during the quarter, compared to analyst estimates of C$282.63 million. Trican Well Service had a return on equity of 22.33% and a net margin of 12.26%. As a group, research analysts predict that Trican Well Service will post 0.5199063 earnings per share for the current year.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a $0.045 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.18 annualized dividend and a yield of 3.57%. Trican Well Service’s payout ratio is 33.33%.

Trican Well Service Company Profile

(Get Free Report)

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.