Trican Well Service Ltd. (TSE:TCW - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.66 and traded as high as C$4.91. Trican Well Service shares last traded at C$4.85, with a volume of 670,391 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on TCW. BMO Capital Markets cut their price target on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Raymond James decreased their price objective on Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. TD Securities decreased their price target on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating on the stock in a research note on Tuesday, October 8th. Finally, Cormark raised their price target on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Trican Well Service has an average rating of "Moderate Buy" and a consensus price target of C$5.72.
Get Our Latest Research Report on Trican Well Service
Trican Well Service Stock Down 1.0 %
The stock has a 50-day moving average of C$4.67 and a 200-day moving average of C$4.66. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The firm has a market cap of C$921.31 million, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.
Trican Well Service Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, December 13th. Trican Well Service's payout ratio is currently 31.58%.
About Trican Well Service
(
Get Free Report)
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.
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