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

Trican Well Service Ltd. (TSE:TCW) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.57 and traded as high as C$5.67. Trican Well Service shares last traded at C$5.61, with a volume of 404,789 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TCW shares. TD Securities cut their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Royal Bank Of Canada upped their target price on Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th. Raymond James Financial cut Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, ATB Capital set a C$7.00 price objective on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$6.50.

Trican Well Service Stock Up 1.3%

The firm has a 50-day moving average of C$5.71 and a two-hundred day moving average of C$5.57. The stock has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.22 and a beta of 0.19. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$300.59 million for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, December 12th. Trican Well Service’s dividend payout ratio is currently 35.71%.

Insider Buying and Selling

In related news, insider Bradley Peter David Fedora bought 7,550 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of C$5.26 per share, with a total value of C$39,713.00. Following the purchase, the insider directly owned 7,550 shares of the company’s stock, valued at approximately C$39,713. This represents a ∞ increase in their position. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average price of C$5.22 per share, for a total transaction of C$26,100.00. Following the completion of the acquisition, the director owned 45,000 shares in the company, valued at C$234,900. This represents a 12.50% increase in their ownership of the stock. In the last quarter, insiders acquired 15,000 shares of company stock valued at $78,602. Insiders own 0.62% of the company’s stock.

About Trican Well Service

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.