Trican Well Service (TSE:TCW) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares crossed above their 200-day moving average of C$6.40, trading as high as C$7.38 and last at C$7.33 on volume of 327,312, a potential technical bullish signal.
• Analyst consensus is a Hold with an average price target of C$6.75; National Bank Financial raised its target to C$8.00 while RBC downgraded to Hold with a C$7.50 target.
• Fundamentals include a market cap of C$1.54B, trailing P/E of 12.86, quarterly EPS of C$0.15 on C$322.7M revenue, and a 3.0% dividend yield (annualized C$0.22) with a 36.8% payout ratio.

Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.40 and traded as high as C$7.38. Trican Well Service shares last traded at C$7.33, with a volume of 327,312 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. National Bank Financial boosted their price target on shares of Trican Well Service from C$6.50 to C$8.00 and gave the stock a "sector perform" rating in a research report on Friday, February 20th. Royal Bank Of Canada cut shares of Trican Well Service from a "moderate buy" rating to a "hold" rating and set a C$7.50 price objective on the stock. in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$6.75.

Trican Well Service Stock Up 1.5%

The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.22 and a beta of -0.30. The company has a quick ratio of 1.75, a current ratio of 2.49 and a debt-to-equity ratio of 19.28. The business has a 50-day moving average price of C$7.00 and a 200-day moving average price of C$6.40.

Trican Well Service (TSE:TCW - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.15 earnings per share for the quarter. The business had revenue of C$322.73 million during the quarter. Trican Well Service had a return on equity of 19.03% and a net margin of 10.23%.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.055 per share. The ex-dividend date was Friday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.0%. Trican Well Service's payout ratio is currently 36.84%.

Trican Well Service Company Profile

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.

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