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

Shares of Trican Well Service Ltd. (TSE:TCW) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$6.38 and last traded at C$6.34, with a volume of 487177 shares. The stock had previously closed at C$6.02.

Analysts Set New Price Targets

Several equities analysts recently commented on TCW shares. TD Securities dropped their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada upped their price target on shares of Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, ATB Capital set a C$7.00 price objective on shares of Trican Well Service and gave the company an “outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Trican Well Service has an average rating of “Moderate Buy” and a consensus target price of C$6.50.

Trican Well Service Trading Up 5.3%

The stock has a market cap of C$1.35 billion, a P/E ratio of 11.32, a PEG ratio of 0.22 and a beta of 0.19. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. The firm’s fifty day moving average price is C$5.76 and its two-hundred day moving average price is C$5.47.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$300.59 million for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a $0.055 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.5%. Trican Well Service’s dividend payout ratio is presently 35.71%.

Insider Buying and Selling

In related news, insider Bradley Peter David Fedora acquired 7,550 shares of the stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of C$5.26 per share, for a total transaction of C$39,713.00. Following the completion of the purchase, the insider owned 7,550 shares of the company’s stock, valued at C$39,713. This represents a ∞ increase in their ownership of the stock. Also, Director Thomas Malcolm Alford bought 5,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of C$5.22 per share, for a total transaction of C$26,100.00. Following the completion of the acquisition, the director directly owned 45,000 shares of the company’s stock, valued at approximately C$234,900. This represents a 12.50% increase in their position. In the last ninety days, insiders have purchased 15,000 shares of company stock valued at $78,602. 0.62% of the stock is owned by corporate insiders.

About Trican Well Service

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.