Trican Well Service (TSE:TCW) Stock Crosses Above 200 Day Moving Average – Here’s Why

Trican Well Service Ltd. (TSE:TCW)’s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

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

Trican Well Service Trading Down 1.1 %

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 company has a 50 day moving average of C$4.95 and a 200 day moving average of C$4.84. The stock has a market capitalization of C$994.25 million, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.22 and a beta of 1.73.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.045 per share. The ex-dividend date was Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a yield of 3.47%. Trican Well Service’s payout ratio is presently 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.