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

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

Analysts Set New Price Targets

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

Trican Well Service Stock Up 0.6%

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 stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.22 and a beta of 0.04. The firm’s fifty day moving average is C$6.01 and its 200-day moving average is C$5.84.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The company 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.055 per share. The ex-dividend date was Friday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.2%. Trican Well Service’s dividend payout ratio is presently 35.71%.

Insider Buying and Selling

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