Trican Well Service (TSE:TCW) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.82 and traded as high as C$5.39. Trican Well Service shares last traded at C$5.37, with a volume of 382,364 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on TCW shares. ATB Capital boosted their price target on Trican Well Service from C$5.50 to C$6.00 in a research note on Tuesday, December 10th. TD Securities reduced their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Tuesday, October 8th. BMO Capital Markets reduced their price target on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Finally, Raymond James decreased their price target on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th.

Trican Well Service Trading Down 2.0 %

The stock has a market cap of C$1.01 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.75 and a current ratio of 2.60. The firm’s fifty day simple moving average is C$4.87 and its 200-day simple moving average is C$4.82.

Trican Well Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.045 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.18 annualized dividend and a yield of 3.42%. Trican Well Service’s payout ratio is 31.58%.

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.