Trican Well Service (TSE:TCW) Sets New 1-Year High – Time to Buy?

Trican Well Service Ltd. (TSE:TCW) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$6.45 and last traded at C$6.45, with a volume of 435323 shares trading hands. The stock had previously closed at C$6.28.

Analyst Upgrades and Downgrades

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

Trican Well Service Stock Up 2.9%

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 company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.22 and a beta of 0.04. The firm has a 50-day moving average price of C$5.89 and a two-hundred day moving average price of C$5.81.

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

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, December 12th. Trican Well Service’s dividend payout ratio is currently 35.71%.

Insider Activity

In related news, Director Thomas Malcolm Alford bought 5,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of C$5.22 per share, with a total value of C$26,100.00. Following the completion of the transaction, the director owned 45,000 shares in the company, valued at C$234,900. The trade was a 12.50% increase in their ownership of the stock. Also, insider Bradley Peter David Fedora purchased 7,550 shares of Trican Well Service stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the completion of the transaction, the insider directly owned 7,550 shares of the company’s stock, valued at approximately C$39,713. The trade was a ? increase in their position. Insiders bought a total of 15,000 shares of company stock valued at $78,602 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

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.