Trican Well Service (TSE:TCW) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Trican Well Service Ltd. (TSE:TCW) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.92 and traded as low as C$6.31. Trican Well Service shares last traded at C$6.45, with a volume of 529,142 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on TCW. Royal Bank Of Canada upped their price target on Trican Well Service from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. BMO Capital Markets upgraded Trican Well Service from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$7.00 to C$9.00 in a research note on Tuesday, May 12th. Finally, ATB Cormark Capital Markets increased their target price on shares of Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$7.90.

Trican Well Service Trading Up 1.6%

The company has a debt-to-equity ratio of 7.60, a quick ratio of 1.75 and a current ratio of 2.23. The company has a market capitalization of C$1.35 billion, a PE ratio of 11.94, a PEG ratio of 0.22 and a beta of -0.41. The stock has a fifty day moving average of C$7.27 and a 200 day moving average of C$6.92.

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

Trican Well Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, June 15th. Trican Well Service’s dividend payout ratio (DPR) is presently 39.81%.

Trican Well Service Company Profile

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.