Trican Well Service Ltd. (TSE:TCW - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$5.45 and last traded at C$5.38, with a volume of 109810 shares traded. The stock had previously closed at C$5.37.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. ATB Capital lifted their price objective on Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th. TD Securities cut their price target on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a report on Tuesday, October 8th. Raymond James reduced their price target on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price objective on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$5.57.
Check Out Our Latest Stock Analysis on Trican Well Service
Trican Well Service Stock Performance
The firm has a fifty day moving average of C$4.87 and a 200-day moving average of C$4.82. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. The firm has a market cap of C$1.01 billion, a P/E ratio of 9.23, a PEG ratio of 0.22 and a beta of 1.73.
Trican Well Service Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.18 annualized dividend and a yield of 3.42%. Trican Well Service's dividend payout ratio is currently 31.58%.
About Trican Well Service
(
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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.
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