Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.59 and traded as high as C$4.73. Trican Well Service shares last traded at C$4.57, with a volume of 300,418 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on TCW. Royal Bank Of Canada lifted their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities lowered their price objective on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a research report on Wednesday, April 16th.
Read Our Latest Research Report on Trican Well Service
Trican Well Service Stock Performance
The stock has a 50-day moving average of C$4.30 and a 200 day moving average of C$4.59. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. The stock has a market capitalization of C$862.44 million, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.
Trican Well Service Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 4.38%. Trican Well Service's payout ratio is 32.02%.
Trican Well Service Company Profile
(
Get Free Report)
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.
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