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

Shares of Trican Well Service Ltd. (TSE:TCW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.79 and traded as high as C$7.50. Trican Well Service shares last traded at C$7.35, with a volume of 308,438 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TCW shares. Royal Bank Of Canada boosted their price target on Trican Well Service from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets boosted their price target on Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. National Bank Financial boosted their price target on Trican Well Service from C$6.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets raised Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$7.00 to C$9.00 in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$7.67.

Trican Well Service Price Performance

The company has a 50-day moving average price of C$7.33 and a two-hundred day moving average price of C$6.79. The company has a debt-to-equity ratio of 7.60, a current ratio of 2.23 and a quick ratio of 1.75. The company has a market cap of C$1.54 billion, a PE ratio of 13.61, a P/E/G ratio of 0.22 and a beta of -0.41.

Trican Well Service (TSE:TCW) last issued its earnings results on Tuesday, May 12th. The company reported C$0.14 earnings per share for the quarter. Trican Well Service had a return on equity of 17.25% and a net margin of 9.47%.The company had revenue of C$330.27 million during the quarter.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.055 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.0%. Trican Well Service’s dividend payout ratio is presently 39.81%.

Trican Well Service Company Profile

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.