Trican Well Service (TSE:TCW) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Trican Well Service Ltd. (TSE:TCW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.84 and traded as high as C$5.32. Trican Well Service shares last traded at C$5.18, with a volume of 418,791 shares traded.

Analyst Ratings Changes

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

The business has a 50 day simple moving average of C$4.95 and a 200-day simple moving average of C$4.84. The company has a market capitalization of C$994.25 million, a P/E ratio of 9.09, a PEG ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.47%. Trican Well Service’s payout ratio is currently 31.58%.

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.