Trican Well Service (TSE:TCW) Sets New 1-Year Low – Here’s What Happened

Trican Well Service Ltd. (TSE:TCW) shares hit a new 52-week low during trading on Friday . The company traded as low as C$4.03 and last traded at C$4.09, with a volume of 632504 shares traded. The stock had previously closed at C$4.55.

Analysts Set New Price Targets

Several analysts have weighed in on TCW shares. TD Securities lifted their target price on Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. ATB Capital boosted their price objective on Trican Well Service from C$5.50 to C$6.00 in a research note on Tuesday, December 10th.

Trican Well Service Stock Performance

The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The stock has a market cap of C$773.74 million, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The firm’s 50-day moving average is C$4.61 and its two-hundred day moving average is C$4.76.

Trican Well Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.88%. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. 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.