Trican Well Service (TSE:TCW) Stock Price Crosses Above Two Hundred Day Moving Average of $4.26

Trican Well Service Ltd. (TSE:TCW)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.26 and traded as high as C$4.39. Trican Well Service shares last traded at C$4.28, with a volume of 342,045 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TCW. TD Securities decreased their price objective on shares of Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating on the stock in a report on Friday, February 23rd. ATB Capital set a C$6.00 price target on shares of Trican Well Service and gave the company an “outperform” rating in a research note on Friday, December 22nd. BMO Capital Markets cut their price objective on Trican Well Service from C$6.00 to C$5.00 in a research note on Thursday, March 28th. Raymond James set a C$4.50 target price on Trican Well Service and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus lowered their price target on Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trican Well Service presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.46.

Trican Well Service Stock Performance

The company has a current ratio of 2.06, a quick ratio of 1.75 and a debt-to-equity ratio of 3.51. The stock’s fifty day simple moving average is C$4.19 and its 200 day simple moving average is C$4.26. The company has a market cap of C$891.35 million, a price-to-earnings ratio of 7.78, a P/E/G ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.14. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. The business had revenue of C$254.92 million during the quarter, compared to analyst estimates of C$244.57 million. As a group, analysts anticipate that Trican Well Service Ltd. will post 0.4899044 earnings per share for the current year.

Trican Well Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.04. Trican Well Service’s payout ratio is currently 32.73%.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.