ATB Capital Increases Trican Well Service (TSE:TCW) Price Target to C$6.50

Trican Well Service (TSE:TCW) had its price objective lifted by ATB Capital from C$5.50 to C$6.50 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on TCW. Royal Bank Of Canada upped their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. TD Securities upped their price target on shares of Trican Well Service from C$4.75 to C$5.50 and gave the company a “hold” rating in a research note on Friday. Finally, National Bankshares upped their price target on shares of Trican Well Service from C$5.75 to C$6.50 and gave the company a “sector perform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$6.21.

Trican Well Service Trading Up 3.5%

Trican Well Service stock opened at C$5.38 on Friday. The stock has a 50-day moving average of C$4.42 and a two-hundred day moving average of C$4.58. 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 one year low of C$3.69 and a one year high of C$5.45. The stock has a market cap of C$1.02 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.05 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 3.72%. Trican Well Service’s dividend payout ratio (DPR) is presently 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.