Trican Well Service (TSE:TCW) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Trican Well Service Ltd. (TSE:TCW)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.64 and traded as high as C$5.66. Trican Well Service shares last traded at C$5.62, with a volume of 742,566 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TCW shares. TD Securities upped their price target on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a “hold” rating in a research note on Friday, July 4th. Royal Bank Of Canada upped 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 Thursday, May 22nd. ATB Capital increased their target price on shares of Trican Well Service from C$5.50 to C$6.50 and gave the company an “outperform” rating in a research note on Friday, July 4th. National Bankshares increased their target price on shares of Trican Well Service from C$5.75 to C$6.50 and gave the company a “sector perform” rating in a research note on Friday, July 4th. Finally, BMO Capital Markets increased their target price on shares of Trican Well Service from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, July 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Trican Well Service presently has an average rating of “Moderate Buy” and an average target price of C$6.21.

Trican Well Service Trading Up 1.8%

The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The firm’s 50 day moving average is C$4.89 and its 200 day moving average is C$4.64. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.56%. Trican Well Service’s dividend payout ratio is currently 32.02%.

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.