Trican Well Service (TSE:TCW) Sets New 1-Year High – Still a Buy?

Trican Well Service Ltd. (TSE:TCW) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$7.34 and last traded at C$7.15, with a volume of 1004315 shares traded. The stock had previously closed at C$7.09.

Analysts Set New Price Targets

TCW has been the topic of a number of recent research reports. Raymond James Financial lowered Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. ATB Cormark Capital Markets set a C$7.00 target price on shares of Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, TD Securities decreased their price target on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$6.50.

Trican Well Service Stock Down 2.0%

The stock has a market cap of C$1.48 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.22 and a beta of 0.31. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The stock’s 50-day moving average price is C$6.40 and its 200-day moving average price is C$6.02.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$322.73 million during the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.2%. Trican Well Service’s payout ratio is 35.71%.

Trican Well Service Company Profile

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.