Trican Well Service (TSE:TCW) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.84 and traded as high as C$5.32. Trican Well Service shares last traded at C$5.18, with a volume of 418,791 shares.

Wall Street Analysts Forecast Growth

TCW has been the topic of a number of recent analyst reports. Raymond James dropped their price objective on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. BMO Capital Markets decreased their price objective on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. ATB Capital boosted their target price on Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. Finally, TD Securities dropped their price target on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research note on Tuesday, October 8th.

Trican Well Service Price 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 moving average price of C$4.95 and a 200 day moving average price of C$4.84. The firm has a market cap of C$994.25 million, a PE ratio of 9.09, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s dividend payout ratio (DPR) is presently 31.58%.

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.