Trican Well Service (TSE:TCW) Hits New 52-Week High – Here’s Why

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

Analyst Ratings Changes

A number of analysts recently commented on TCW shares. ATB Capital lifted 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 lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. TD Securities lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research note on Tuesday, October 8th. Finally, BMO Capital Markets lowered their target price on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th.

Trican Well Service Stock Performance

The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60. The firm’s 50 day simple moving average is C$4.89 and its 200 day simple moving average is C$4.82. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s 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.