Trican Well Service (TSE:TCW) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Trican Well Service Ltd. (TSE:TCW - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.86 and traded as high as C$4.96. Trican Well Service shares last traded at C$4.84, with a volume of 526,590 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on TCW shares. BMO Capital Markets lowered their price target on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. ATB Capital lifted their target price on Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. TD Securities decreased their target price on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a report on Tuesday, October 8th. Finally, Raymond James decreased their target price on Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th.

Trican Well Service Price Performance

The company has a market capitalization of C$919.39 million, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.22 and a beta of 1.73. The stock has a fifty day simple moving average of C$4.99 and a 200-day simple moving average of C$4.86. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75.

Trican Well Service (TSE:TCW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported C$0.12 EPS for the quarter, beating analysts' consensus estimates of C$0.11 by C$0.01. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. During the same period in the previous year, the firm earned $0.17 earnings per share.

Trican Well Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service's payout ratio is 31.58%.

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.