Trican Well Service (TSE:TCW) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.15 and traded as high as C$7.25. Trican Well Service shares last traded at C$7.22, with a volume of 487,601 shares.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. National Bank Financial boosted their price target 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. Raymond James Financial cut shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, ATB Cormark Capital Markets set a C$7.00 target price on shares of Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$6.75.

Trican Well Service Trading Up 0.7%

The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.22 and a beta of -0.05. The business’s 50 day moving average price is C$6.85 and its 200-day moving average price is C$6.17. The company has a debt-to-equity ratio of 19.28, a current ratio of 2.49 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW) last released its earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$322.73 million for the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.055 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.22 annualized dividend and a yield of 3.0%. Trican Well Service’s dividend payout ratio 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.