Trican Well Service (TSE:TCW) Reaches New 1-Year High – Still a Buy?

Trican Well Service Ltd. (TSE:TCW)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$8.07 and last traded at C$8.02, with a volume of 612519 shares changing hands. The stock had previously closed at C$7.89.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$7.00 to C$9.00 in a report on Tuesday, May 12th. National Bank Financial upped 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. ATB Cormark Capital Markets upped their price target on shares of Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their price target on shares of Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$7.67.

Trican Well Service Stock Up 1.6%

The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 7.60. The company has a market capitalization of C$1.68 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. The stock’s fifty day moving average is C$7.18 and its 200 day moving average is C$6.55.

Trican Well Service (TSE:TCW) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.14 EPS for the quarter. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%. The business had revenue of C$330.27 million during the quarter.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.055 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.7%. Trican Well Service’s dividend payout ratio is 39.81%.

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.