Trican Well Service (TSE:TCW) Stock Passes Above 200-Day Moving Average of $4.25

Shares of Trican Well Service Ltd. (TSE:TCW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.25 and traded as high as C$4.27. Trican Well Service shares last traded at C$4.24, with a volume of 676,162 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on TCW shares. BMO Capital Markets dropped their target price on shares of Trican Well Service from C$6.00 to C$5.00 in a research report on Thursday, March 28th. TD Securities dropped their price objective on Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating for the company in a report on Friday, February 23rd. Raymond James set a C$4.50 target price on Trican Well Service and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus decreased their target price on Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$5.46.

Trican Well Service Trading Down 0.2 %

The company has a quick ratio of 1.75, a current ratio of 2.06 and a debt-to-equity ratio of 3.51. The stock has a market capitalization of C$883.02 million, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.22 and a beta of 1.82. The company has a fifty day simple moving average of C$4.21 and a two-hundred day simple moving average of C$4.25.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.14 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of C$244.57 million. On average, sell-side analysts expect 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 $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Trican Well Service’s previous quarterly dividend of $0.04. Trican Well Service’s dividend payout ratio is 32.73%.

Trican Well Service Company Profile

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.