Trican Well Service (TSE:TCW) Shares Pass Above 200 Day Moving Average – Time to Sell?

Trican Well Service Ltd. (TSE:TCW)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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

TCW has been the subject of a number of research reports. TD Securities cut 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 note on Tuesday, October 8th. Raymond James decreased their target price on shares of Trican Well Service from C$5.00 to C$4.75 in a research note on Tuesday, October 15th. BMO Capital Markets decreased their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. Finally, ATB Capital boosted their price target on shares of Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th.

Trican Well Service Trading Down 1.1 %

The firm has a 50-day moving average price of C$4.95 and a 200-day moving average price of C$4.84. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The stock has a market capitalization of C$994.25 million, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service Dividend Announcement

The company also recently announced 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 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.