TD Securities Has Lowered Expectations for Trican Well Service (TSE:TCW) Stock Price

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

Trican Well Service Trading Down 0.7 %

Shares of TSE TCW opened at C$4.16 on Wednesday. Trican Well Service has a 1-year low of C$3.69 and a 1-year high of C$5.45. The business has a fifty day moving average price of C$4.45 and a 200 day moving average price of C$4.70. The stock has a market capitalization of C$785.06 million, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75.

Trican Well Service Increases Dividend

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

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.