Trican Well Service (TSE:TCW) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Trican Well Service Ltd. (TSE:TCW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.34 and traded as high as C$7.42. Trican Well Service shares last traded at C$7.19, with a volume of 690,591 shares.

Wall Street Analyst Weigh In

TCW has been the topic of several analyst reports. Royal Bank Of Canada cut Trican Well Service from a “moderate buy” rating to a “hold” rating and set a C$7.50 price objective on the stock. in a report on Tuesday. National Bank Financial raised their price objective on Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$6.75.

Trican Well Service Stock Up 1.6%

The firm has a fifty day moving average price of C$7.07 and a 200-day moving average price of C$6.34. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. The firm has a market cap of C$1.44 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.22 and a beta of -0.30.

Trican Well Service (TSE:TCW) last issued its earnings results on Thursday, February 19th. The company reported C$0.15 earnings per share for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.The firm had revenue of C$322.73 million for the quarter.

Trican Well Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.055 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. Trican Well Service’s dividend payout ratio (DPR) is presently 36.84%.

Trican Well Service Company Profile

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.