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

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

Analyst Upgrades and Downgrades

A number of analysts have commented on TCW shares. TD Securities lifted their price target on Trican Well Service from C$4.75 to C$5.50 and gave the stock a "hold" rating in a research report on Friday, July 4th. National Bankshares lifted their price target on Trican Well Service from C$5.75 to C$6.50 and gave the company a "sector perform" rating in a research note on Friday, July 4th. ATB Capital lifted 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, July 4th. Raymond James Financial upgraded Trican Well Service from a "hold" rating to a "moderate buy" rating and lifted their price target for the company from C$5.00 to C$6.50 in a research note on Friday, July 4th. Finally, Royal Bank Of Canada lifted their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Two 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, Trican Well Service currently has an average rating of "Moderate Buy" and a consensus target price of C$6.21.

Trican Well Service Trading Up 0.7%

The company has a 50 day simple moving average of C$4.59 and a 200 day simple moving average of C$4.60. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market capitalization of C$1.09 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, June 13th. Trican Well Service's dividend payout ratio is currently 32.02%.

About Trican Well Service

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.