Trican Well Service Ltd. (TSE:TCW - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$5.24 and last traded at C$5.19, with a volume of 114171 shares changing hands. The stock had previously closed at C$5.13.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. ATB Capital lifted their target price on Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th. TD Securities decreased their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating on the stock in a research report on Tuesday, October 8th. BMO Capital Markets dropped their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Finally, Raymond James decreased their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$5.57.
Read Our Latest Stock Analysis on TCW
Trican Well Service Stock Performance
The firm has a 50 day moving average price of C$4.77 and a 200-day moving average price of C$4.78. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The firm has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.22 and a beta of 1.73.
Trican Well Service Dividend Announcement
The company also recently announced 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 was Friday, December 13th. This represents a $0.18 annualized dividend and a yield of 3.45%. Trican Well Service's dividend payout ratio (DPR) is 31.58%.
Trican Well Service Company Profile
(
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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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