Trican Well Service (TSE:TCW) Stock Crosses Above 200-Day Moving Average of $4.56

Shares of Trican Well Service Ltd. (TSE:TCW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.56 and traded as high as C$4.85. Trican Well Service shares last traded at C$4.80, with a volume of 525,827 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada boosted their target price on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Cormark boosted their price objective on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Raymond James raised their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. BMO Capital Markets boosted their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Securities raised their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.91.

Trican Well Service Price Performance

The stock has a market capitalization of C$957.50 million, a PE ratio of 8.42, a P/E/G ratio of 0.22 and a beta of 1.75. The firm’s 50 day simple moving average is C$4.90 and its 200 day simple moving average is C$4.56. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The business had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%. As a group, equities analysts forecast that Trican Well Service Ltd. will post 0.6423841 EPS for the current fiscal year.

Trican Well Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 30th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.18 dividend on an annualized basis and a yield of 3.75%. Trican Well Service’s dividend payout ratio (DPR) is currently 31.58%.

Insider Activity

In other news, Senior Officer Scott Eric Matson bought 27,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of C$4.82 per share, for a total transaction of C$130,140.00. Over the last 90 days, insiders purchased 35,977 shares of company stock valued at $173,559. 0.60% of the stock is currently owned by company insiders.

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.