Trican Well Service (TSE:TCW) Reaches New 52-Week High – What’s Next?

Trican Well Service Ltd. (TSE:TCW) reached a new 52-week high on Tuesday . The company traded as high as C$6.45 and last traded at C$6.45, with a volume of 435323 shares changing hands. The stock had previously closed at C$6.28.

Wall Street Analyst Weigh In

TCW has been the subject of a number of recent research reports. Royal Bank Of Canada increased their target price on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday, October 9th. ATB Capital set a C$7.00 price objective on Trican Well Service and gave the stock an “outperform” rating in a research note on Friday, December 5th. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, TD Securities reduced their target price on shares of 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. Three 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$6.50.

Trican Well Service Price Performance

The stock’s 50-day moving average price is C$5.89 and its 200-day moving average price is C$5.81. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.22 and a beta of 0.04. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

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

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.055 per share. The ex-dividend date was Friday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 3.4%. Trican Well Service’s dividend payout ratio is presently 35.71%.

Insider Activity at Trican Well Service

In other Trican Well Service news, Director Thomas Malcolm Alford acquired 5,000 shares of Trican Well Service stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the purchase, the director owned 45,000 shares in the company, valued at C$234,900. The trade was a 12.50% increase in their ownership of the stock. Also, insider Bradley Peter David Fedora bought 7,550 shares of the stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the acquisition, the insider directly owned 7,550 shares in the company, valued at approximately C$39,713. This trade represents a ∞ increase in their position. In the last quarter, insiders have bought 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.