Trican Well Service (TSE:TCW) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Trican Well Service shares fell below their 200-day moving average, trading as low as C$6.09 and closing at C$6.14 versus the C$6.85 average.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of C$7.71, despite Raymond James lowering its target to C$6.75.
• The company reported quarterly revenue of C$214.6 million and EPS of C$(0.01), while maintaining a quarterly dividend of C$0.055, equivalent to a 3.6% annual yield.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.85 and traded as low as C$6.09. Trican Well Service shares last traded at C$6.14, with a volume of 565,364 shares traded.

Wall Street Analyst Weigh In

TCW has been the subject of a number of recent research reports. TD Securities raised Trican Well Service from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Raymond James Financial cut their price objective on shares of Trican Well Service from C$7.50 to C$6.75 and set a "market perform" rating for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$7.71.

Trican Well Service Price Performance

The stock has a market capitalization of C$1.29 billion, a PE ratio of 14.28, a P/E/G ratio of 0.22 and a beta of -0.27. The company has a 50-day moving average of C$6.29 and a two-hundred day moving average of C$6.85. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$214.60 million for the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%.

Trican Well Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be issued a $0.055 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.22 annualized dividend and a yield of 3.6%. Trican Well Service's dividend payout ratio (DPR) is presently 51.16%.

Insiders Place Their Bets

In other Trican Well Service news, Director Thomas Malcolm Alford acquired 5,000 shares of the firm's stock in a transaction on Friday, July 31st. The stock was bought at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at C$294,000. This represents a 11.11% increase in their ownership of the stock. 0.62% of the stock is currently owned by company insiders.

About Trican Well Service

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.