Trican Well Service (TSE:TCW) Stock Crosses Above 200-Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemTrican Well Service Ltd. (TSE:TCW – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$6.76 and traded as high as C$6.93. Trican Well Service shares last traded at C$6.84, with a volume of 825,390 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TCW. Raymond James Financial reduced their target price on Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a report on Thursday, July 30th. TD Securities upgraded Trican Well Service from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, ATB Cormack lifted their price target on Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.82.
Get Our Latest Stock Report on TCW
Trican Well Service Stock Performance
The company has a market capitalization of C$1.46 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.22 and a beta of -0.29. The company’s 50 day moving average is C$6.32 and its 200-day moving average is C$6.77. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 3.24.
Trican Well Service (TSE:TCW – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported C$0.23 EPS for the quarter. The business had revenue of C$338.30 million for the quarter. Trican Well Service had a net margin of 7.60% and a return on equity of 12.81%.
Trican Well Service Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.0550 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.2%. Trican Well Service’s dividend payout ratio (DPR) is currently 51.16%.
Insider Activity at Trican Well Service
In other Trican Well Service news, Director Stuart O’connor bought 20,000 shares of the stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of C$6.05 per share, for a total transaction of C$121,000.00. Following the completion of the acquisition, the director owned 26,250 shares of the company’s stock, valued at approximately C$158,812.50. This trade represents a 320.00% increase in their ownership of the stock. Also, Director Thomas Malcolm Alford purchased 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately C$294,000. This represents a 11.11% increase in their ownership of the stock. Insiders have bought 26,000 shares of company stock valued at $156,220 over the last quarter. Company insiders own 0.62% of the company’s stock.
Trican Well Service Company Profile
Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.