Trican Well Service (TSE:TCW) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Trican Well Service Ltd. (TSE:TCW – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Analyst Weigh In

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

Get Our Latest Stock Report on TCW

Trican Well Service Stock Down 0.7%

The company 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 current ratio of 2.62 and a quick ratio of 1.75. The firm’s fifty day moving average price is C$5.71 and its 200-day moving average price is C$5.62.

Trican Well Service (TSE:TCW – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$0.15 earnings per share for the quarter. The business had revenue of C$300.59 million for the quarter. Trican Well Service had a return on equity of 21.68% and a net margin of 11.52%.

Trican Well Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 yield of 3.8%. The ex-dividend date of this dividend is Friday, December 12th. Trican Well Service’s payout ratio is presently 35.71%.

Insider Buying and Selling at Trican Well Service

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

About Trican Well Service

(Get Free Report)

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.

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