Trican Well Service (TSE:TCW) Sets New 1-Year High – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Trican Well Service Stock Down 0.2 %

The stock has a 50 day moving average price of C$4.87 and a 200 day moving average price of C$4.82. The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Friday, December 13th. Trican Well Service’s dividend payout ratio is 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.