Trican Well Service (TSE:TCW) Share Price Crosses Above 200 Day Moving Average of $4.23

Shares of Trican Well Service Ltd. (TSE:TCW - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.23 and traded as high as C$4.25. Trican Well Service shares last traded at C$4.19, with a volume of 866,758 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TCW. Raymond James set a C$4.50 target price on shares of Trican Well Service and gave the stock a "market perform" rating in a research note on Tuesday, January 16th. BMO Capital Markets cut their price target on Trican Well Service from C$6.00 to C$5.00 in a research note on Thursday, March 28th. Stifel Nicolaus cut their price objective 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. Finally, TD Securities cut their price objective 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$5.46.

Trican Well Service Trading Down 2.6 %

The company has a quick ratio of 1.75, a current ratio of 2.06 and a debt-to-equity ratio of 3.51. The firm has a market cap of C$837.87 million, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.22 and a beta of 1.82. The business has a 50 day moving average of C$4.22 and a 200 day moving average of C$4.23.

Trican Well Service (TSE:TCW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$0.14. The firm had revenue of C$254.92 million for the quarter, compared to analyst estimates of C$244.57 million. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. On average, research analysts forecast that Trican Well Service Ltd. will post 0.4946746 earnings per share for the current fiscal year.

Trican Well Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were issued a dividend of $0.045 per share. This is an increase from Trican Well Service's previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Thursday, March 14th. Trican Well Service's dividend payout ratio (DPR) is presently 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.