Trican Well Service (TSE:TCW) Share Price Passes Above Two Hundred Day Moving Average of $4.56

Trican Well Service Ltd. (TSE:TCW - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.56 and traded as high as C$4.85. Trican Well Service shares last traded at C$4.80, with a volume of 525,827 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on TCW. BMO Capital Markets upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. TD Securities upped their target price on Trican Well Service from C$4.50 to C$5.00 and gave the stock a "hold" rating in a research report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Cormark raised their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. Finally, Raymond James boosted their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$5.91.

Trican Well Service Stock Performance

The company's 50 day moving average price is C$4.90 and its 200-day moving average price is C$4.56. The stock has a market cap of C$957.50 million, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 0.22 and a beta of 1.75. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60.

Trican Well Service (TSE:TCW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.06 by C$0.02. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%. The business had revenue of C$211.81 million during the quarter, compared to the consensus estimate of C$191.10 million. Equities analysts forecast that Trican Well Service Ltd. will post 0.6423841 EPS for the current fiscal year.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 30th will be given a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.18 annualized dividend and a yield of 3.75%. Trican Well Service's dividend payout ratio is currently 31.58%.

Insider Activity

In related news, Senior Officer Scott Eric Matson acquired 27,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of C$4.82 per share, for a total transaction of C$130,140.00. Insiders acquired a total of 35,977 shares of company stock valued at $173,559 in the last ninety days. 0.60% of the stock is currently owned by insiders.

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.