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

Shares of Trican Well Service Ltd. (TSE:TCW) 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.

Wall Street Analysts Forecast Growth

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

Trican Well Service Stock Performance

The firm’s fifty day simple moving average is C$4.19 and its 200 day simple moving average is C$4.26. The company has a market capitalization of C$891.35 million, a price-to-earnings ratio of 7.78, a PEG ratio of 0.22 and a beta of 1.82. 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 issued its earnings results on Wednesday, February 21st. The company reported C$0.14 EPS for the quarter, hitting the consensus estimate 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%. On average, sell-side analysts forecast that Trican Well Service Ltd. will post 0.4899044 EPS for the current year.

Trican Well Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were paid a $0.045 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Trican Well Service’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.21%. Trican Well Service’s dividend payout ratio is 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.