Trican Well Service (TSE:TCW) Sets New 1-Year High – What’s Next?

Trican Well Service Ltd. (TSE:TCW)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.85 and last traded at C$6.81, with a volume of 93694 shares trading hands. The stock had previously closed at C$6.78.

Analyst Ratings Changes

Several brokerages have recently commented on TCW. ATB Capital set a C$7.00 price target on shares of Trican Well Service and gave the stock an “outperform” rating in a research report on Friday, December 5th. Royal Bank Of Canada raised their price objective on shares of Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. TD Securities dropped their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Finally, Raymond James Financial downgraded Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Trican Well Service presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.50.

Trican Well Service Trading Up 1.4%

The company has a market capitalization of C$1.49 billion, a P/E ratio of 12.57, a PEG ratio of 0.22 and a beta of 0.04. 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 business’s 50-day moving average price is C$6.05 and its two-hundred day moving average price is C$5.86.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$300.59 million during the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, December 12th. Trican Well Service’s payout ratio is 35.71%.

Insider Activity at Trican Well Service

In other news, insider Bradley Peter David Fedora bought 7,550 shares of the stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of C$5.26 per share, for a total transaction of C$39,713.00. Following the acquisition, the insider owned 7,550 shares in the company, valued at approximately C$39,713. This trade represents a ∞ increase in their ownership of the stock. Also, Director Thomas Malcolm Alford acquired 5,000 shares of Trican Well Service stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the transaction, the director directly owned 45,000 shares of the company’s stock, valued at C$234,900. This trade represents a 12.50% increase in their ownership of the stock. Insiders purchased a total of 15,000 shares of company stock valued at $78,602 over the last quarter. 0.62% of the stock is owned by insiders.

Trican Well Service Company Profile

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.