Trican Well Service (TSE:TCW) Sets New 52-Week High on Analyst Upgrade

Trican Well Service Ltd. (TSE:TCW - Get Free Report)'s stock price hit 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.

Other equities analysts also recently issued research reports about the stock. National Bankshares upped their price objective on shares of 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. Raymond James Financial upgraded shares of Trican Well Service from a "market perform" rating to an "outperform" rating and increased their price target for the company from C$5.00 to C$6.50 in a report on Friday. TD Securities increased their price target on shares of Trican Well Service from C$4.75 to C$5.50 and gave the company a "hold" rating in a report on Friday. Royal Bank Of Canada increased their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, ATB Capital raised their target price on shares of Trican Well Service from C$5.50 to C$6.50 and gave the company an "outperform" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$6.21.

Trican Well Service Price Performance

The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The stock's fifty day moving average price is C$4.42 and its 200-day moving average price is C$4.58.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 3.72%. Trican Well Service's dividend payout ratio (DPR) is presently 32.02%.

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.