Trican Well Service (TSE:TCW) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Trican Well Service Ltd. (TSE:TCW)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.92 and traded as low as C$6.31. Trican Well Service shares last traded at C$6.45, with a volume of 529,142 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. BMO Capital Markets raised shares of Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. Finally, ATB Cormark Capital Markets upped their price objective on shares of 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. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$7.90.

Trican Well Service Stock Up 1.6%

The company’s 50-day moving average is C$7.27 and its 200 day moving average is C$6.92. The company has a market capitalization of C$1.35 billion, a PE ratio of 11.94, 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 quick ratio of 1.75 and a current ratio of 2.23.

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

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.055 per share. The ex-dividend date was Monday, June 15th. This represents a $0.22 dividend on an annualized basis and a yield of 3.4%. Trican Well Service’s payout ratio is currently 39.81%.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.