Trican Well Service (TSE:TCW) Share Price Passes Above 200-Day Moving Average – Time to Sell?

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$5.36 and traded as high as C$5.84. Trican Well Service shares last traded at C$5.76, with a volume of 260,775 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TCW shares. TD Securities cut their price target on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating for the company in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Trican Well Service has a consensus rating of “Moderate Buy” and a consensus target price of C$6.42.

Trican Well Service Price Performance

The company has a 50 day moving average of C$5.75 and a 200 day moving average of C$5.37. The stock has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.22 and a beta of 0.22. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

Trican Well Service (TSE:TCW) last posted its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. Trican Well Service had a net margin of 11.52% and a return on equity of 21.68%. The company had revenue of C$300.59 million during the quarter.

Trican Well Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.8%. This is a boost from Trican Well Service’s previous quarterly dividend of $0.05. Trican Well Service’s dividend payout ratio is presently 35.71%.

Insiders Place Their Bets

In other news, Director Thomas Malcolm Alford bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of C$5.22 per share, with a total value of C$26,100.00. Following the transaction, the director owned 45,000 shares of the company’s stock, valued at C$234,900. This represents a 12.50% increase in their position. Also, insider Bradley Peter David Fedora bought 7,550 shares of Trican Well Service stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of C$5.26 per share, for a total transaction of C$39,713.00. Following the acquisition, the insider directly owned 7,550 shares of the company’s stock, valued at C$39,713. The trade was a ∞ increase in their position. Over the last 90 days, insiders have bought 15,000 shares of company stock valued at $78,602. Insiders own 0.62% of the company’s stock.

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.