Cormark Has Positive Estimate for TSE:TCW FY2025 Earnings

Trican Well Service Ltd. (TSE:TCW) – Equities research analysts at Cormark raised their FY2025 earnings per share estimates for Trican Well Service in a research report issued on Wednesday, May 14th. Cormark analyst B. Watson now anticipates that the company will earn $0.43 per share for the year, up from their prior forecast of $0.42.

A number of other research analysts also recently issued reports on TCW. Royal Bank of Canada lowered their price target on Trican Well Service from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Thursday, April 17th. TD Securities lowered their price target on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a report on Wednesday, April 16th.

Trican Well Service Trading Up 0.7%

Shares of TSE:TCW opened at C$4.47 on Friday. The company has a market cap of C$843.56 million, a P/E ratio of 7.95, a PEG ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. Trican Well Service has a 1 year low of C$3.69 and a 1 year high of C$5.45. The stock’s fifty day moving average price is C$4.30 and its 200-day moving average price is C$4.63.

Trican Well Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.05 dividend. This is an increase from Trican Well Service’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 4.47%. Trican Well Service’s dividend payout ratio is currently 32.02%.

About Trican Well Service

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.