Trican Well Service (TSE:TCW) Stock Passes Above 200-Day Moving Average – Time to Sell?

Trican Well Service Ltd. (TSE:TCW)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.96 and traded as high as C$7.30. Trican Well Service shares last traded at C$7.13, with a volume of 444,344 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TCW. TD Securities cut their price target on shares of Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Wednesday, October 29th. 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 target price on shares of Trican Well Service and gave the company an “outperform” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Trican Well Service presently has a consensus rating of “Moderate Buy” and an average target price of C$6.50.

Trican Well Service Price Performance

The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The stock’s 50-day moving average price is C$6.28 and its 200 day moving average price is C$5.96. The firm has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.22 and a beta of 0.31.

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

Trican Well Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, December 12th. Trican Well Service’s dividend payout ratio (DPR) is currently 35.71%.

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.