Trican Well Service (TSE:TCW) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Trican Well Service Ltd. (TSE:TCW) shares 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 trading hands.

Analysts Set New Price Targets

TCW has been the subject of several research analyst reports. TD Securities dropped their price target on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research note on Tuesday, October 8th. ATB Capital boosted their target price on Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th. BMO Capital Markets reduced their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Finally, Raymond James lowered their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th.

Trican Well Service Trading Down 2.0 %

The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. The company has a market capitalization of C$1.01 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The stock’s fifty day moving average price is C$4.87 and its two-hundred day moving average price is C$4.82.

Trican Well Service Dividend Announcement

The firm also recently declared 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 3.42%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s payout ratio is 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.