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

Shares of Trican Well Service Ltd. (TSE:TCW) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Trican Well Service Stock Down 2.0 %

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 50-day simple moving average is C$4.87 and its 200 day simple moving average is C$4.82. The stock has a market capitalization of C$1.01 billion, a P/E ratio of 9.23, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid 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 dividend payout ratio (DPR) 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.