Trican Well Service (TSE:TCW) Stock Crosses Above 200-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 Tuesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

TCW has been the subject of a number of recent analyst reports. 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. ATB Cormark Capital Markets set a C$7.00 price target on shares of Trican Well Service and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, 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 note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$6.75.

Trican Well Service Stock Performance

The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28. 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 stock’s 50 day moving average price is C$6.56 and its 200 day moving average price is C$6.07.

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

Trican Well Service Dividend Announcement

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