Royal Bank of Canada Has Lowered Expectations for Trican Well Service (TSE:TCW) Stock Price

Trican Well Service (TSE:TCW) had its price target lowered by Royal Bank of Canada from C$6.00 to C$5.50 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, TD Securities reduced their price target 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 Wednesday.

Trican Well Service Stock Down 0.7 %

TCW stock opened at C$4.16 on Thursday. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$5.45. The company has a market capitalization of C$785.06 million, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The business’s 50 day moving average price is C$4.46 and its two-hundred day moving average price is C$4.70. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.05 dividend. This is a boost from Trican Well Service’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Friday, March 14th. Trican Well Service’s payout ratio is currently 32.02%.

Trican Well Service Company Profile

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.