Trican Well Service (TSE:TCW) Share Price Crosses Above 200-Day Moving Average of $4.51

Trican Well Service Ltd. (TSE:TCW) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.51 and traded as high as C$5.02. Trican Well Service shares last traded at C$4.85, with a volume of 500,122 shares changing hands.

Wall Street Analyst Weigh In

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

Trican Well Service Trading Down 1.5 %

The company’s 50-day simple moving average is C$4.92 and its 200 day simple moving average is C$4.52. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of C$935.56 million, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.22 and a beta of 1.76.

Trican Well Service (TSE:TCW) last announced its earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$211.81 million during the quarter, compared to the consensus estimate of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%. As a group, sell-side analysts expect that Trican Well Service Ltd. will post 0.520202 EPS for the current year.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Friday, September 13th. Trican Well Service’s payout ratio is currently 31.58%.

Insider Buying and Selling at Trican Well Service

In related news, Senior Officer Scott Eric Matson acquired 27,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$4.82 per share, for a total transaction of C$130,140.00. 0.60% of the stock is currently owned by company 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.