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

Key Points

• Reached a new 52-week high intraday at C$7.94 but was last quoted at C$7.44 with 756,234 shares traded and a reported ~5.0% drop from a recent close.
• Analysts are split — three Buy and three Hold ratings with an average target of C$6.75; National Bank raised its target to C$8.00 while Raymond James cut the stock to Hold.
• Solid fundamentals and a dividend: latest quarter EPS C$0.15 on C$322.7M revenue, market cap C$1.57B and P/E 13.05, plus a quarterly dividend of C$0.055 (annualized C$0.22) for a ~3.0% yield and a 36.8% payout ratio.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$7.94 and last traded at C$7.44, with a volume of 756234 shares trading hands. The stock had previously closed at C$7.83.

Analysts Set New Price Targets

Several brokerages have weighed in on TCW. ATB Cormark Capital Markets set a C$7.00 price objective on shares of Trican Well Service and gave the stock an "outperform" rating in a report on Friday, December 5th. Raymond James Financial lowered shares of Trican Well Service from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Finally, National Bank Financial lifted 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 note on Friday, February 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$6.75.

Trican Well Service Stock Down 5.0%

The company has a debt-to-equity ratio of 19.28, a quick ratio of 1.75 and a current ratio of 2.49. The firm has a market capitalization of C$1.57 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.22 and a beta of -0.05. The stock has a fifty day moving average price of C$6.99 and a two-hundred day moving average price of C$6.24.

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

Trican Well Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 dividend payout ratio is 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.

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