Trican Well Service Ltd. (TSE:TCW - Get Free Report) reached a new 52-week high on Saturday after BMO Capital Markets raised their price target on the stock from C$5.00 to C$6.00. BMO Capital Markets currently has an outperform rating on the stock. Trican Well Service traded as high as C$5.45 and last traded at C$5.38, with a volume of 1059842 shares trading hands. The stock had previously closed at C$5.20.
A number of other analysts have also weighed in on TCW. Royal Bank Of Canada raised their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. ATB Capital increased their price target on Trican Well Service from C$5.50 to C$6.50 and gave the company an "outperform" rating in a research note on Friday. Raymond James Financial raised Trican Well Service from a "hold" rating to a "moderate buy" rating and raised their price objective for the company from C$5.00 to C$6.50 in a report on Friday. National Bankshares boosted their price objective on Trican Well Service from C$5.75 to C$6.50 and gave the stock a "sector perform" rating in a research report on Friday. Finally, TD Securities increased their target price on Trican Well Service from C$4.75 to C$5.50 and gave the company a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$6.21.
Check Out Our Latest Stock Analysis on TCW
Trican Well Service Price Performance
The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The business's 50-day simple moving average is C$4.48 and its two-hundred day simple moving average is C$4.59. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.22 and a beta of 1.73.
Trican Well Service Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, June 13th. Trican Well Service's dividend payout ratio (DPR) is 32.02%.
About Trican Well Service
(
Get Free Report)
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.
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