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

Trican Well Service Ltd. (TSE:TCW) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Trican Well Service Stock Performance

The firm has a market capitalization of C$891.35 million, a P/E ratio of 7.78, a P/E/G ratio of 0.22 and a beta of 1.82. The firm has a 50-day moving average price of C$4.20 and a two-hundred day moving average price of C$4.25. The company has a debt-to-equity ratio of 3.51, a current ratio of 2.06 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.14 earnings per share for the quarter, meeting the consensus estimate of C$0.14. The firm had revenue of C$254.92 million during the quarter, compared to the consensus estimate 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, analysts forecast that Trican Well Service Ltd. will post 0.4899044 EPS for the current fiscal year.

Trican Well Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were issued a $0.045 dividend. 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 4.21%. The ex-dividend date of this dividend was Thursday, March 14th. Trican Well Service’s payout ratio is presently 32.73%.

About Trican Well Service

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.