Trican Well Service (TSE:TCW) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Trican Well Service Ltd. (TSE:TCW)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.07 and traded as high as C$6.76. Trican Well Service shares last traded at C$6.56, with a volume of 857,147 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TCW. Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. National Bank Financial upped their target price on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Finally, ATB Cormark Capital Markets set a C$7.00 target price on Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Trican Well Service has an average rating of “Moderate Buy” and a consensus target price of C$6.75.

Trican Well Service Stock Down 2.4%

The firm’s 50 day moving average is C$6.56 and its 200-day moving average is C$6.07. The firm has a market cap of C$1.38 billion, a PE ratio of 11.51, a P/E/G ratio of 0.22 and a beta of 0.31. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28.

Trican Well Service (TSE:TCW) last released its earnings results on Wednesday, February 18th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$322.73 million during the quarter. Trican Well Service had a net margin of 10.23% and a return on equity of 19.03%.

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, March 13th. Trican Well Service’s dividend payout ratio is presently 36.84%.

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.