Trican Well Service (TSE:TCW) Stock Price Passes Above Two Hundred Day Moving Average of $4.26

Trican Well Service Ltd. (TSE:TCW - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.26 and traded as high as C$4.39. Trican Well Service shares last traded at C$4.28, with a volume of 342,045 shares.

Analyst Ratings Changes

TCW has been the subject of several recent analyst reports. Raymond James set a C$4.50 target price on Trican Well Service and gave the company a "market perform" rating in a research note on Tuesday, January 16th. BMO Capital Markets cut their target price on Trican Well Service from C$6.00 to C$5.00 in a research report on Thursday, March 28th. TD Securities cut their target price on Trican Well Service from C$4.75 to C$4.50 and set a "hold" rating for the company in a research report on Friday, February 23rd. ATB Capital set a C$6.00 target price on Trican Well Service and gave the stock an "outperform" rating in a research report on Friday, December 22nd. Finally, Stifel Nicolaus cut their target price on Trican Well Service from C$6.50 to C$6.00 and set a "buy" rating for the company in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Trican Well Service has an average rating of "Moderate Buy" and a consensus price target of C$5.46.

Trican Well Service Trading Down 0.9 %

The company has a debt-to-equity ratio of 3.51, a current ratio of 2.06 and a quick ratio of 1.75. The business has a 50 day moving average of C$4.19 and a 200 day moving average of C$4.26. The firm has a market capitalization of C$883.02 million, a price-to-earnings ratio of 7.71, a PEG ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.14 EPS for the quarter, hitting analysts' consensus estimates of C$0.14. The business had revenue of C$254.92 million during the quarter, compared to analysts' expectations of C$244.57 million. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. As a group, research analysts predict that Trican Well Service Ltd. will post 0.4899044 earnings per share for the current fiscal year.

Trican Well Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Trican Well Service's previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a yield of 4.25%. Trican Well Service's payout ratio is currently 32.73%.

Trican Well Service Company Profile

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.