Trican Well Service (TSE:TCW) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Trican Well Service Ltd. (TSE:TCW) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.08 and traded as high as C$6.16. Trican Well Service shares last traded at C$5.78, with a volume of 639,858 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on TCW. Royal Bank Of Canada increased their target price on shares of Trican Well Service from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday. Raymond James Financial upgraded shares of Trican Well Service from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$5.00 to C$6.50 in a report on Friday, July 4th. BMO Capital Markets raised their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a report on Friday, July 4th. National Bankshares raised their price objective on shares of Trican Well Service from C$5.75 to C$6.50 and gave the stock a “sector perform” rating in a report on Friday, July 4th. Finally, TD Securities raised their price objective on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a “hold” rating in a report on Friday, July 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.42.

Trican Well Service Stock Performance

The company’s fifty day moving average price is C$5.92 and its 200 day moving average price is C$5.08. The company has a market cap of C$1.23 billion, a PE ratio of 10.70, a P/E/G ratio of 0.22 and a beta of 0.40. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75.

Trican Well Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were issued a $0.055 dividend. This is an increase from Trican Well Service’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 12th. Trican Well Service’s dividend payout ratio is currently 35.19%.

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.