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

Shares of Trican Well Service Ltd. (TSE:TCW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.84 and traded as high as C$5.32. Trican Well Service shares last traded at C$5.18, with a volume of 418,791 shares changing hands.

Wall Street Analysts Forecast Growth

TCW has been the subject of a number of analyst reports. ATB Capital upped their price objective on shares of Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. BMO Capital Markets dropped their price target on shares of Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. Raymond James reduced their price target on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Finally, TD Securities lowered their price objective on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research report on Tuesday, October 8th.

Trican Well Service Price Performance

The stock has a market cap of C$994.25 million, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.22 and a beta of 1.73. 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 company’s fifty day moving average is C$4.95 and its two-hundred day moving average is C$4.84.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.045 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.47%. Trican Well Service’s dividend payout ratio is presently 31.58%.

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.