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

Shares of Trican Well Service Ltd. (TSE:TCW) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.79 and traded as high as C$7.50. Trican Well Service shares last traded at C$7.35, with a volume of 308,438 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. ATB Cormark Capital Markets lifted their price objective on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. National Bank Financial lifted their price objective on Trican Well Service from C$6.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada lifted their price objective on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$7.67.

Trican Well Service Stock Performance

The stock has a 50 day moving average of C$7.33 and a 200 day moving average of C$6.81. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 7.60. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.22 and a beta of -0.41.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$330.27 million for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.055 per share. The ex-dividend date is Monday, June 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.0%. Trican Well Service’s payout ratio is currently 39.81%.

Trican Well Service Company Profile

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.