Trican Well Service (TSE:TCW) Reaches New 52-Week Low – Here’s Why

Shares of Trican Well Service Ltd. (TSE:TCW) 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 changing hands. The stock had previously closed at C$3.84.

Analyst Ratings Changes

Separately, TD Securities boosted their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research note on Thursday, February 20th.

Trican Well Service Price Performance

The business’s fifty day moving average price is C$4.50 and its 200-day moving average price is C$4.72. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The company has a market capitalization of C$766.19 million, a P/E ratio of 7.22, a P/E/G ratio of 0.22 and a beta of 1.73.

Trican Well Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.05 per share. The ex-dividend date was Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 4.93%. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. Trican Well Service’s dividend payout ratio (DPR) is currently 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.