Trican Well Service (TSE:TCW) Share Price Crosses Above Two Hundred Day Moving Average of $4.26

Trican Well Service Ltd. (TSE:TCW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.26 and traded as high as C$4.39. Trican Well Service shares last traded at C$4.28, with a volume of 342,045 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on TCW shares. Raymond James set a C$4.50 target price on Trican Well Service and gave the company a “market perform” rating in a report on Tuesday, January 16th. TD Securities lowered their price target on Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating for the company in a report on Friday, February 23rd. Stifel Nicolaus lowered their price target on Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. BMO Capital Markets lowered their price target on Trican Well Service from C$6.00 to C$5.00 in a report on Thursday, March 28th. Finally, ATB Capital set a C$6.00 price target on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and an average price target of C$5.46.

Trican Well Service Trading Up 0.9 %

The company has a 50 day moving average of C$4.20 and a 200-day moving average of C$4.25. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.75 and a current ratio of 2.06. The stock has a market cap of C$891.35 million, a price-to-earnings ratio of 7.78, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.14. The firm had revenue of C$254.92 million for the quarter, compared to the consensus estimate of C$244.57 million. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. On average, research analysts anticipate that Trican Well Service Ltd. will post 0.4899044 earnings per share for the current year.

Trican Well Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Trican Well Service’s previous quarterly dividend of $0.04. Trican Well Service’s dividend payout ratio (DPR) is currently 32.73%.

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.