Cormark Expects Reduced Earnings for Trican Well Service

Trican Well Service Ltd. (TSE:TCW) – Equities research analysts at Cormark lowered their FY2026 EPS estimates for shares of Trican Well Service in a report issued on Wednesday, May 14th. Cormark analyst B. Watson now expects that the company will post earnings per share of $0.41 for the year, down from their prior forecast of $0.46.

Several other analysts have also recently commented on TCW. Royal Bank of Canada lowered their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Thursday, April 17th. TD Securities lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research note on Wednesday, April 16th.

Trican Well Service Stock Up 1.4%

TCW stock opened at C$4.44 on Thursday. The stock has a market capitalization of C$837.90 million, a P/E ratio of 7.90, a PEG ratio of 0.22 and a beta of 1.73. 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 has a one year low of C$3.69 and a one year high of C$5.45. The company has a 50 day moving average price of C$4.30 and a two-hundred day moving average price of C$4.63.

Trican Well Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Trican Well Service’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a dividend yield of 4.50%. Trican Well Service’s payout ratio is currently 32.02%.

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.