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

Key Points

• Technical breakout: Trican's stock crossed above its 200‑day moving average (200‑day MA C$6.44), trading as high as C$6.96 and last at C$6.89 on volume of 804,503 shares, a potential bullish signal.
• Analyst consensus is cautious: two Buys and four Holds give an average rating of "Hold" with an average price target of C$6.75; recent moves include an RBC downgrade to Hold (PT C$7.50) and a National Bank raise to C$8.00.
• Attractive valuation and dividend: market cap C$1.45B, P/E 12.09 and PEG 0.22, recent quarterly EPS C$0.15, and a quarterly dividend annualizing to C$0.22 for a 3.2% yield with a 36.8% payout ratio.

Trican Well Service Ltd. (TSE:TCW - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.44 and traded as high as C$6.96. Trican Well Service shares last traded at C$6.89, with a volume of 804,503 shares.

Analyst Upgrades and Downgrades

TCW has been the subject of several analyst reports. 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 target for the company. in a research report on Tuesday, April 14th. National Bank Financial lifted 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. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Trican Well Service currently has an average rating of "Hold" and an average price target of C$6.75.

Trican Well Service Stock Down 0.4%

The firm's 50 day moving average is C$7.03 and its two-hundred day moving average is C$6.44. The firm has a market cap of C$1.45 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 19.28.

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

Trican Well Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.22 annualized dividend and a yield of 3.2%. Trican Well Service's dividend payout ratio (DPR) is presently 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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