BMO Capital Markets Has Lowered Expectations for Trican Well Service (TSE:TCW) Stock Price

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

A number of other equities research analysts have also commented on the stock. Raymond James reduced 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. Cormark upped their price target on shares of Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Royal Bank of Canada lifted their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, 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 report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$5.72.

Trican Well Service Price Performance

Trican Well Service stock opened at C$4.51 on Wednesday. The firm has a market cap of C$865.65 million, a P/E ratio of 7.91, a P/E/G ratio of 0.22 and a beta of 1.73. The stock’s 50 day moving average is C$4.74 and its 200 day moving average is C$4.64. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. Trican Well Service has a one year low of C$3.79 and a one year high of C$5.24.

Trican Well Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.99%. Trican Well Service’s dividend payout ratio is presently 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 purchased at an average price of C$4.82 per share, with a total value of C$130,140.00. In the last three months, insiders have bought 35,977 shares of company stock valued at $173,559. 0.62% of the stock is owned by company insiders.

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.