Trican Well Service (TSE:TCW) Sets New 12-Month High – Should You Buy?

Trican Well Service Ltd. (TSE:TCW)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$5.45 and last traded at C$5.38, with a volume of 109810 shares. The stock had previously closed at C$5.37.

Analyst Ratings Changes

TCW has been the subject of a number of recent research reports. TD Securities cut their price objective on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research note on Tuesday, October 8th. BMO Capital Markets reduced their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Raymond James cut their price objective on Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Finally, ATB Capital raised their target price on Trican Well Service from C$5.50 to C$6.00 in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$5.57.

Trican Well Service Stock Down 0.2 %

The company has a market cap of C$1.03 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The company’s 50-day moving average is C$4.87 and its two-hundred day moving average is C$4.82.

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s dividend payout ratio is currently 31.58%.

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.