Trican Well Service (TSE:TCW) Share Price Crosses Above Two Hundred Day Moving Average of $4.53

Trican Well Service Ltd. (TSE:TCW)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.53 and traded as high as C$4.63. Trican Well Service shares last traded at C$4.61, with a volume of 639,988 shares.

Wall Street Analysts Forecast Growth

TCW has been the subject of a number of research analyst reports. Cormark lifted their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Raymond James raised 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 research report on Thursday, August 1st. BMO Capital Markets upped 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 raised their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, TD Securities upped their target price on 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Trican Well Service has an average rating of “Moderate Buy” and a consensus target price of C$5.91.

Trican Well Service Stock Up 1.3 %

The firm has a market capitalization of C$919.60 million, a PE ratio of 8.09, a PEG ratio of 0.22 and a beta of 1.75. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The stock has a 50 day simple moving average of C$4.90 and a 200 day simple moving average of C$4.53.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The company had revenue of C$211.81 million during the quarter, compared to analyst estimates of C$191.10 million. Trican Well Service had a net margin of 12.36% and a return on equity of 24.57%. As a group, sell-side analysts forecast that Trican Well Service Ltd. will post 0.6295302 earnings per share for the current year.

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be paid a $0.045 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.90%. Trican Well Service’s payout ratio is presently 31.58%.

Insider Activity at Trican Well Service

In other Trican Well Service news, Senior Officer Scott Eric Matson acquired 27,000 shares of the company’s stock in a transaction 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. Insiders have acquired a total of 35,977 shares of company stock worth $173,559 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Trican Well Service Company Profile

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.