Trican Well Service (TSE:TCW) Sets New 52-Week High – Still a Buy?

Trican Well Service Ltd. (TSE:TCW)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$7.94 and last traded at C$7.44, with a volume of 756234 shares traded. The stock had previously closed at C$7.83.

Wall Street Analyst Weigh In

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

Trican Well Service Trading Down 1.6%

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 company’s fifty day moving average is C$7.02 and its 200-day moving average is C$6.26. The firm has a market capitalization of C$1.51 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.22 and a beta of -0.05.

Trican Well Service (TSE:TCW) last posted its earnings results on Thursday, February 19th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business had revenue of C$322.73 million for the quarter. Trican Well Service had a net margin of 10.23% and a return on equity of 19.03%.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, March 13th. Trican Well Service’s dividend payout ratio (DPR) is currently 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.