Trican Well Service (TSE:TCW) Sets New 12-Month High – What’s Next?

Trican Well Service Ltd. (TSE:TCW) hit a new 52-week high during trading on Thursday . The stock traded as high as C$7.36 and last traded at C$7.32, with a volume of 314004 shares changing hands. The stock had previously closed at C$7.22.

Analyst Upgrades and Downgrades

TCW has been the topic of several recent research reports. ATB Cormark Capital Markets set a C$7.00 price objective on shares of Trican Well Service and gave the company an “outperform” rating in a research report on Friday, December 5th. Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, National Bank Financial raised their price target on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Trican Well Service has a consensus rating of “Moderate Buy” and an average price target of C$6.75.

Trican Well Service Stock Performance

The stock has a fifty day moving average price of C$6.79 and a 200 day moving average price of C$6.15. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.22 and a beta of -0.05.

Trican Well Service (TSE:TCW) last announced its earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.The firm had revenue of C$322.73 million during the quarter.

Trican Well Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, March 13th. Trican Well Service’s dividend payout ratio (DPR) is 36.84%.

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.