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

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

Wall Street Analysts Forecast Growth

TCW has been the topic of a number of recent research reports. Raymond James Financial cut shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. ATB Cormark Capital Markets set a C$7.00 target price on Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, National Bank Financial increased their price target on Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$6.75.

Trican Well Service Trading Down 5.0%

The company has a market cap of C$1.57 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.22 and a beta of -0.05. The company has a debt-to-equity ratio of 19.28, a current ratio of 2.49 and a quick ratio of 1.75. The firm’s fifty day moving average price is C$6.99 and its 200-day moving average price is C$6.24.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share 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 will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, March 13th. Trican Well Service’s payout ratio is 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.