Trican Well Service (TSE:TCW) Hits New 52-Week High - Time to Buy?

Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as C$5.91 and last traded at C$5.87, with a volume of 994654 shares. The stock had previously closed at C$5.78.

Wall Street Analyst Weigh In

TCW has been the topic of several recent analyst reports. Raymond James Financial upgraded shares of Trican Well Service from a "hold" rating to a "moderate buy" rating and increased their price objective for the stock from C$5.00 to C$6.50 in a report on Friday, July 4th. National Bankshares increased 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 report on Friday, July 4th. TD Securities increased their price objective on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a "hold" rating in a report on Friday, July 4th. Royal Bank Of Canada increased their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets raised their price target on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company an "outperform" rating in a report on Friday, July 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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$1.09 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.22 and a beta of 1.73. The business's 50-day moving average price is C$4.55 and its two-hundred day moving average price is C$4.60.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Friday, June 13th. 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.