Trican Well Service (TSE:TCW) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

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$5.02 and traded as high as C$6.39. Trican Well Service shares last traded at C$6.23, with a volume of 282,556 shares.

Analyst Ratings Changes

A number of research analysts have commented on TCW shares. Raymond James Financial raised Trican Well Service from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$5.00 to C$6.50 in a report on Friday, July 4th. National Bankshares raised their price target on Trican Well Service from C$5.75 to C$6.50 and gave the stock a “sector perform” rating in a report on Friday, July 4th. ATB Capital raised their price target on Trican Well Service from C$5.50 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, July 4th. BMO Capital Markets raised their price target on Trican Well Service from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a report on Friday, July 4th. Finally, TD Securities raised their price target on Trican Well Service from C$4.75 to C$5.50 and gave the stock a “hold” rating in a report on Friday, July 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Trican Well Service has a consensus rating of “Moderate Buy” and an average price target of C$6.17.

Trican Well Service Stock Down 1.6%

The firm has a 50 day simple moving average of C$5.86 and a two-hundred day simple moving average of C$5.02. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The stock has a market cap of C$1.32 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.22 and a beta of 0.62.

Trican Well Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.055 per share. This is a boost from Trican Well Service’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, September 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.5%. Trican Well Service’s payout ratio is 35.19%.

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.