Trican Well Service (TSE:TCW) Shares Cross Above Two Hundred Day Moving Average of $4.25

Trican Well Service Ltd. (TSE:TCW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.25 and traded as high as C$4.27. Trican Well Service shares last traded at C$4.24, with a volume of 676,162 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TCW. TD Securities cut their price objective on shares of Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Stifel Nicolaus cut their price objective on shares of Trican Well Service from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Raymond James set a C$4.50 price objective on shares of Trican Well Service and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Finally, BMO Capital Markets cut their price objective on shares of Trican Well Service from C$6.00 to C$5.00 in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$5.46.

Trican Well Service Trading Up 2.1 %

The company has a quick ratio of 1.75, a current ratio of 2.06 and a debt-to-equity ratio of 3.51. The firm’s 50-day simple moving average is C$4.21 and its 200 day simple moving average is C$4.25. The stock has a market capitalization of C$901.77 million, a P/E ratio of 7.87, a PEG ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.14 EPS for the quarter, hitting the consensus estimate of C$0.14. Trican Well Service had a net margin of 12.44% and a return on equity of 23.69%. The firm had revenue of C$254.92 million for the quarter, compared to analysts’ expectations of C$244.57 million. Equities research analysts anticipate that Trican Well Service Ltd. will post 0.4899044 EPS for the current fiscal year.

Trican Well Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were paid a $0.045 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.18 dividend on an annualized basis and a yield of 4.16%. This is a boost from Trican Well Service’s previous quarterly dividend of $0.04. Trican Well Service’s dividend payout ratio (DPR) is currently 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.