Trican Well Service Ltd. (TSE:TCW – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.44 and traded as high as C$5.08. Trican Well Service shares last traded at C$5.05, with a volume of 409,980 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on TCW shares. Cormark increased their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. Raymond James boosted their price target on Trican Well Service from C$4.50 to C$5.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. BMO Capital Markets increased their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their target price on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, TD Securities raised their price target on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$5.91.
Trican Well Service Trading Up 1.0 %
Trican Well Service Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, September 13th. Trican Well Service’s dividend payout ratio (DPR) is presently 31.58%.
Insider Transactions at Trican Well Service
In other Trican Well Service news, Senior Officer Scott Eric Matson purchased 27,000 shares of Trican Well Service stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of C$4.82 per share, for a total transaction of C$130,140.00. 0.60% of the stock is owned by company insiders.
About Trican Well Service
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.
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