Trican Well Service (TSE:TCW) Shares Cross Above 200-Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.66 and traded as high as C$4.91. Trican Well Service shares last traded at C$4.85, with a volume of 670,391 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TCW shares. TD Securities cut their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Tuesday, October 8th. Cormark upped their target price on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Raymond James dropped their price target on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. Royal Bank of Canada upped their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lowered their target price on Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$5.72.

Trican Well Service Stock Performance

The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75. The company has a 50 day simple moving average of C$4.67 and a 200-day simple moving average of C$4.66. The stock has a market capitalization of C$930.91 million, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, December 13th. Trican Well Service’s dividend payout ratio (DPR) is presently 31.58%.

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.