Trican Well Service (TSE:TCW) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Trican Well Service Ltd. (TSE:TCW) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.44 and traded as high as C$6.96. Trican Well Service shares last traded at C$6.89, with a volume of 804,503 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on TCW shares. National Bank Financial raised their price objective on 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. Royal Bank Of Canada lowered Trican Well Service from a “moderate buy” rating to a “hold” rating and set a C$7.50 price objective for the company. in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$6.75.

Trican Well Service Trading Down 2.0%

The stock has a market capitalization of C$1.42 billion, a PE ratio of 11.84, a P/E/G ratio of 0.22 and a beta of -0.27. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28. The stock has a 50 day moving average price of C$7.03 and a 200-day moving average price of C$6.44.

Trican Well Service (TSE:TCW) last released its earnings results on Thursday, February 19th. The company reported C$0.15 earnings per share 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.3%. Trican Well Service’s dividend payout ratio (DPR) is currently 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.