Trican Well Service (TSE:TCW) Sets New 12-Month High – What’s Next?

Trican Well Service Ltd. (TSE:TCW)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.36 and last traded at C$7.32, with a volume of 314004 shares changing hands. The stock had previously closed at C$7.22.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TCW. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. National Bank Financial upped their price target on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets 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. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$6.75.

Trican Well Service Price Performance

The stock has a market capitalization of C$1.55 billion, a PE ratio of 12.89, a P/E/G ratio of 0.22 and a beta of -0.05. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. The stock’s 50-day moving average is C$6.79 and its 200 day moving average is C$6.15.

Trican Well Service (TSE:TCW) last issued its earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. Trican Well Service had a net margin of 10.23% and a return on equity of 19.03%. The company had revenue of C$322.73 million during the quarter.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.0%. Trican Well Service’s dividend payout ratio (DPR) is presently 36.84%.

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.