Trican Well Service (TSE:TCW) Shares Cross Above 200 Day Moving Average – Time to Sell?

Trican Well Service Ltd. (TSE:TCW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.62 and traded as high as C$5.90. Trican Well Service shares last traded at C$5.85, with a volume of 115,555 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TCW. Raymond James Financial downgraded shares of Trican Well Service from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada boosted their price objective on Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Thursday, October 9th. TD Securities cut their target price on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Finally, ATB Capital set a C$7.00 target price on Trican Well Service and gave the stock an “outperform” rating in a report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Trican Well Service currently has an average rating of “Moderate Buy” and an average target price of C$6.50.

Trican Well Service Trading Down 0.7%

The business has a 50 day moving average of C$5.71 and a two-hundred day moving average of C$5.62. The firm has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.22 and a beta of 0.19. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 EPS for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.The firm had revenue of C$300.59 million during the quarter.

Trican Well Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, December 12th. Trican Well Service’s dividend payout ratio (DPR) is currently 35.71%.

Insider Transactions at Trican Well Service

In related news, insider Bradley Peter David Fedora purchased 7,550 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of C$5.26 per share, with a total value of C$39,713.00. Following the transaction, the insider owned 7,550 shares of the company’s stock, valued at C$39,713. This represents a ∞ increase in their position. Also, Director Thomas Malcolm Alford acquired 5,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of C$5.22 per share, for a total transaction of C$26,100.00. Following the completion of the acquisition, the director directly owned 45,000 shares in the company, valued at approximately C$234,900. The trade was a 12.50% increase in their ownership of the stock. Insiders purchased a total of 15,000 shares of company stock worth $78,602 in the last 90 days. 0.62% of the stock is currently owned by company insiders.

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.