Trican Well Service (TSE:TCW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Trican Well Service Ltd. (TSE:TCW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.82 and traded as high as C$5.39. Trican Well Service shares last traded at C$5.37, with a volume of 382,364 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TCW shares. Raymond James lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. BMO Capital Markets decreased their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. TD Securities decreased their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th. Finally, ATB Capital upped their price target on shares of Trican Well Service from C$5.50 to C$6.00 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$5.57.

Trican Well Service Trading Up 3.1 %

The stock’s 50 day moving average is C$4.87 and its two-hundred day moving average is C$4.82. The company has a market capitalization of C$1.03 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s dividend payout ratio (DPR) is presently 31.58%.

Trican Well Service Company Profile

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.