Trican Well Service (TSE:TCW) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.58 and traded as high as C$4.59. Trican Well Service shares last traded at C$4.50, with a volume of 650,653 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. TD Securities decreased their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research note on Wednesday, April 16th.

Trican Well Service Stock Down 0.4%

The firm’s 50 day simple moving average is C$4.35 and its 200-day simple moving average is C$4.58. The company has a market cap of C$849.23 million, a price-to-earnings ratio of 8.01, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75.

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.05 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.44%. Trican Well Service’s payout ratio is 32.02%.

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.