Trican Well Service (TSE:TCW) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Trican Well Service Ltd. (TSE:TCW) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.15 and traded as high as C$7.25. Trican Well Service shares last traded at C$7.22, with a volume of 487,601 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TCW shares. Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. National Bank Financial boosted their price objective on shares of Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets set a C$7.00 price objective on shares of Trican Well Service and gave the stock an “outperform” rating in a research note on Friday, December 5th. Three equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$6.75.

Trican Well Service Price Performance

The company has a debt-to-equity ratio of 19.28, a current ratio of 2.49 and a quick ratio of 1.75. The company has a 50-day simple moving average of C$6.79 and a two-hundred day simple moving average of C$6.15. The stock has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.22 and a beta of -0.05.

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

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a $0.055 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.22 annualized dividend and a yield of 3.0%. Trican Well Service’s dividend payout ratio (DPR) is currently 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.