Trican Well Service (TSE:TCW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Trican Well Service Ltd. (TSE:TCW) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.07 and traded as high as C$6.76. Trican Well Service shares last traded at C$6.56, with a volume of 857,147 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on TCW shares. ATB Cormark Capital Markets set a C$7.00 target price on shares of Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. National Bank Financial boosted their price objective on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.75.

Trican Well Service Trading Up 2.9%

The stock’s 50-day simple moving average is C$6.60 and its two-hundred day simple moving average is C$6.08. The company has a debt-to-equity ratio of 19.28, a current ratio of 2.49 and a quick ratio of 1.75. The firm has a market capitalization of C$1.44 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.22 and a beta of 0.31.

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

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, March 13th. 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.