Trican Well Service (TSE:TCW) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Trican Well Service Ltd. (TSE:TCW)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.82 and traded as high as C$5.39. Trican Well Service shares last traded at C$5.37, with a volume of 382,364 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TCW shares. BMO Capital Markets cut their price target on Trican Well Service from C$5.50 to C$5.00 in a research note on Wednesday, October 30th. Raymond James cut their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. ATB Capital lifted their target price on shares of Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. Finally, TD Securities cut their price target on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Tuesday, October 8th.

Trican Well Service Stock Down 2.0 %

The company’s 50 day simple moving average is C$4.87 and its 200-day simple moving average is C$4.82. The firm has a market cap of C$1.01 billion, a P/E ratio of 9.23, a PEG 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.

Trican Well Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, December 13th. Trican Well Service’s dividend payout ratio is currently 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.