Trican Well Service (TSE:TCW) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.85 and traded as low as C$6.09. Trican Well Service shares last traded at C$6.14, with a volume of 565,364 shares.

Analysts Set New Price Targets

TCW has been the topic of several research reports. Raymond James Financial cut their target price on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$7.71.

Trican Well Service Stock Performance

The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.22 and a beta of -0.27. The firm has a fifty day moving average of C$6.28 and a 200 day moving average of C$6.85. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$214.60 million during the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 15th. Trican Well Service’s dividend payout ratio (DPR) is currently 51.16%.

Insiders Place Their Bets

In other news, Director Thomas Malcolm Alford acquired 5,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately C$294,000. The trade was a 11.11% increase in their position. Insiders own 0.62% of the company’s stock.

About Trican Well Service

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.