Trican Well Service (TSE:TCW) Reaches New 12-Month High – What’s Next?

Posted by Brian Himes on May 22nd, 2026

Trican Well Service Ltd. (TSE:TCW – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.07 and last traded at C$8.02, with a volume of 612519 shares traded. The stock had previously closed at C$7.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TCW. ATB Cormark Capital Markets increased their price objective on shares of Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised shares of Trican Well Service from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. National Bank Financial increased their price objective on shares of Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada increased their price objective on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$7.67.

Read Our Latest Research Report on TCW

Trican Well Service Stock Up 0.5%

The company has a market capitalization of C$1.69 billion, a PE ratio of 14.93, a PEG ratio of 0.22 and a beta of -0.27. The company’s 50 day moving average is C$7.22 and its two-hundred day moving average is C$6.59. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 7.60.

Trican Well Service (TSE:TCW – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$330.27 million during the quarter. Trican Well Service had a net margin of 9.47% and a return on equity of 17.25%.

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, March 13th. Trican Well Service’s dividend payout ratio (DPR) is presently 39.81%.

About Trican Well Service

(Get Free Report)

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.