Trican Well Service (TSE:TCW) Stock Passes Above 200-Day Moving Average of $4.23

Trican Well Service Ltd. (TSE:TCW) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.23 and traded as high as C$4.25. Trican Well Service shares last traded at C$4.19, with a volume of 866,758 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on TCW shares. Raymond James set a C$4.50 price target on shares of Trican Well Service and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Stifel Nicolaus decreased their price objective on shares of Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. TD Securities decreased their price objective on shares of Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating on the stock in a report on Friday, February 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Trican Well Service from C$6.00 to C$5.00 in a report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$5.46.

Trican Well Service Price Performance

The company has a quick ratio of 1.75, a current ratio of 2.06 and a debt-to-equity ratio of 3.51. The company’s 50 day moving average is C$4.22 and its 200 day moving average is C$4.23. The firm has a market capitalization of C$860.46 million, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 EPS for the quarter, meeting the consensus estimate of C$0.14. Trican Well Service had a net margin of 12.44% and a return on equity of 23.69%. The business had revenue of C$254.92 million for the quarter, compared to the consensus estimate of C$244.57 million. On average, equities research analysts anticipate that Trican Well Service Ltd. will post 0.4946746 earnings per share for the current fiscal year.

Trican Well Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were paid a $0.045 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Trican Well Service’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 4.30%. Trican Well Service’s dividend payout ratio is 32.73%.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.