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

Trican Well Service Ltd. (TSE:TCW) shares passed 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Raymond James set a C$4.50 price target on shares of Trican Well Service and gave the company a “market perform” rating in a report on Tuesday, January 16th. TD Securities cut 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 report on Friday, February 23rd. BMO Capital Markets cut their price target on shares of Trican Well Service from C$6.00 to C$5.00 in a report on Thursday, March 28th. Finally, Stifel Nicolaus lowered 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.46.

Trican Well Service Stock Performance

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

Trican Well Service (TSE:TCW) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.14 EPS for the quarter, meeting analysts’ consensus estimates 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. On average, analysts predict that Trican Well Service Ltd. will post 0.4899044 earnings per share for the current year.

Trican Well Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were paid a dividend of $0.045 per share. This is a boost from Trican Well Service’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Thursday, March 14th. 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.