BMO Capital Markets Cuts Trican Well Service (TSE:TCW) Price Target to C$5.00

Trican Well Service (TSE:TCW) had its price target decreased by BMO Capital Markets from C$5.50 to C$5.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Several other analysts also recently commented on the stock. Cormark increased their target price on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Raymond James decreased their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. TD Securities cut their target price on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada increased their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$5.72.

Trican Well Service Trading Down 2.4 %

Shares of Trican Well Service stock opened at C$4.51 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The stock has a fifty day simple moving average of C$4.74 and a 200 day simple moving average of C$4.64. Trican Well Service has a 12-month low of C$3.79 and a 12-month high of C$5.24. The company has a market capitalization of C$865.65 million, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.99%. Trican Well Service’s payout ratio is currently 31.58%.

Insider Buying and Selling

In other news, Senior Officer Scott Eric Matson acquired 27,000 shares of Trican Well Service stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of C$4.82 per share, with a total value of C$130,140.00. In the last quarter, insiders have purchased 35,977 shares of company stock valued at $173,559. 0.62% of the stock is owned by company insiders.

About Trican Well Service

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.