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

Trican Well Service Ltd. (TSE:TCW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.79 and traded as high as C$7.50. Trican Well Service shares last traded at C$7.35, with a volume of 308,438 shares.

Wall Street Analyst Weigh In

TCW has been the subject of a number of analyst reports. ATB Cormark Capital Markets boosted their price target on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. National Bank Financial boosted their price target on Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Royal Bank Of Canada boosted their price target on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$7.00 to C$9.00 in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Trican Well Service has a consensus rating of “Hold” and a consensus price target of C$7.67.

Trican Well Service Stock Performance

The firm has a market cap of C$1.54 billion, a PE ratio of 13.61, a P/E/G ratio of 0.22 and a beta of -0.41. The company has a debt-to-equity ratio of 7.60, a current ratio of 2.23 and a quick ratio of 1.75. The stock has a 50-day moving average price of C$7.33 and a 200 day moving average price of C$6.79.

Trican Well Service (TSE:TCW) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.14 EPS for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.The business had revenue of C$330.27 million during the quarter.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Trican Well Service’s payout ratio is 39.81%.

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.