Royal Bank of Canada Cuts Trican Well Service (OTCMKTS:TOLWF) Price Target to C$5.50

Trican Well Service (OTCMKTS:TOLWF – Get Rating) had its target price lowered by Royal Bank of Canada from C$6.00 to C$5.50 in a research report released on Tuesday morning, The Fly reports.

Separately, Stifel Nicolaus dropped their price objective on shares of Trican Well Service from C$6.50 to C$5.75 in a research note on Friday, February 24th.

Trican Well Service Stock Down 2.1 %

OTCMKTS:TOLWF opened at $2.33 on Tuesday. Trican Well Service has a fifty-two week low of $1.95 and a fifty-two week high of $3.91. The stock’s 50-day moving average is $2.28 and its two-hundred day moving average is $2.54.

Trican Well Service Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a $0.0295 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a dividend yield of 4.9%. Trican Well Service’s payout ratio is -145.40%.

About Trican Well Service

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Trican Well Service Ltd. engages in the provision of products, equipment, services, and technology used in drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company was founded on April 11, 1979 and is headquartered in Calgary, Canada.