Trican Well Service (TSE:TCW) Shares Pass Above Two Hundred Day Moving Average of $4.22

Trican Well Service Ltd. (TSE:TCW) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.22 and traded as high as C$4.58. Trican Well Service shares last traded at C$4.58, with a volume of 254,961 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TCW shares. BMO Capital Markets cut their target price on Trican Well Service from C$6.00 to C$5.00 in a research report on Thursday, March 28th. TD Securities dropped their price target on Trican Well Service from C$4.75 to C$4.50 and set a “hold” rating on the stock in a research report on Friday, February 23rd.

Trican Well Service Price Performance

The stock has a market cap of C$934.96 million, a price-to-earnings ratio of 8.48, a PEG ratio of 0.22 and a beta of 1.82. The company has a 50-day moving average of C$4.36 and a 200-day moving average of C$4.22. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.75 and a current ratio of 2.74.

Trican Well Service (TSE:TCW) last issued its quarterly earnings results on Monday, May 13th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Trican Well Service had a return on equity of 22.33% and a net margin of 12.26%. The firm had revenue of C$271.93 million for the quarter, compared to analysts’ expectations of C$282.63 million. As a group, equities research analysts predict that Trican Well Service Ltd. will post 0.5199063 earnings per share for the current year.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, June 14th. Trican Well Service’s dividend payout ratio is presently 33.33%.

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.