Trican Well Service (TSE:TCW) Sets New 52-Week High - Should You Buy?

Key Points

• Trican hit a new 52-week high, trading as high as C$7.60 (last C$7.45) on Wednesday with about 752,789 shares changing hands and trading up roughly 2.5%.
• Analysts are split—three Buys and three Holds—with a consensus rating of "Moderate Buy" and a consensus target of C$6.75, while individual targets range up to C$8.00.
• Trican declared a quarterly dividend of $0.055 (annualized $0.22, a 3.0% yield) and reported quarterly EPS of C$0.15 on C$322.7M revenue, trading at a P/E of 13.07 with low debt-to-equity (19.28).

Trican Well Service Ltd. (TSE:TCW - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$7.60 and last traded at C$7.45, with a volume of 752789 shares changing hands. The stock had previously closed at C$7.27.

Analyst Ratings Changes

Several analysts recently issued reports on the company. ATB Cormark Capital Markets set a C$7.00 target price on Trican Well Service and gave the stock an "outperform" rating in a report on Friday, December 5th. Raymond James Financial downgraded Trican Well Service from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Finally, National Bank Financial boosted 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 report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$6.75.

Trican Well Service Trading Up 2.5%

The business's 50 day simple moving average is C$6.90 and its 200 day simple moving average is C$6.20. The stock has a market cap of C$1.57 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.22 and a beta of -0.05. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28.

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

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.0%. Trican Well Service's dividend payout ratio (DPR) is presently 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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