Trican Well Service (TSE:TCW) Reaches New 1-Year Low - Here's Why

Trican Well Service Ltd. (TSE:TCW - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as C$3.69 and last traded at C$4.28, with a volume of 3818192 shares. The stock had previously closed at C$3.84.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their price target on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a "hold" rating in a report on Thursday, February 20th.

Trican Well Service Stock Performance

The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The stock has a market cap of C$794.50 million, a PE ratio of 7.49, a PEG ratio of 0.22 and a beta of 1.73. The company's 50-day moving average price is C$4.49 and its two-hundred day moving average price is C$4.72.

Trican Well Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.05 per share. This is an increase from Trican Well Service's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 4.75%. Trican Well Service's dividend payout ratio (DPR) is presently 32.02%.

About Trican Well Service

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.