Trican Well Service (TSE:TCW) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Trican Well Service Ltd. (TSE:TCW - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.63 and traded as high as C$5.71. Trican Well Service shares last traded at C$5.63, with a volume of 340,408 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TCW shares. TD Securities increased their price target on Trican Well Service from C$4.75 to C$5.50 and gave the stock a "hold" rating in a report on Friday, July 4th. Royal Bank Of Canada increased their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. National Bankshares increased their price target on Trican Well Service from C$5.75 to C$6.50 and gave the stock a "sector perform" rating in a report on Friday, July 4th. BMO Capital Markets increased their price target on Trican Well Service from C$5.00 to C$6.00 and gave the stock an "outperform" rating in a report on Friday, July 4th. Finally, Raymond James Financial raised Trican Well Service from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$5.00 to C$6.50 in a report on Friday, July 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Trican Well Service currently has an average rating of "Moderate Buy" and a consensus price target of C$6.21.

Trican Well Service Trading Down 0.2%

The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The business has a fifty day simple moving average of C$4.74 and a 200 day simple moving average of C$4.63. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, June 13th. Trican Well Service's dividend payout ratio (DPR) is presently 32.02%.

About Trican Well Service

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.