FY2027 EPS Estimates for TSE:TCW Boosted by Raymond James

Trican Well Service Ltd. (TSE:TCW - Free Report) - Research analysts at Raymond James increased their FY2027 earnings per share estimates for shares of Trican Well Service in a research report issued to clients and investors on Wednesday, April 9th. Raymond James analyst M. Barth now expects that the company will post earnings of $0.50 per share for the year, up from their previous forecast of $0.47.

A number of other equities research analysts have also recently weighed in on TCW. Royal Bank of Canada dropped their price target on Trican Well Service from C$6.00 to C$5.50 and set an "outperform" rating for the company in a report on Thursday. TD Securities lowered their target price on 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.

Trican Well Service Price Performance

Shares of TSE TCW traded down C$0.03 during mid-day trading on Monday, hitting C$4.16. 380,417 shares of the stock were exchanged, compared to its average volume of 599,677. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$5.45. The stock's fifty day simple moving average is C$4.45 and its two-hundred day simple moving average is C$4.70. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market cap of C$785.06 million, a P/E ratio of 7.40, a PEG ratio of 0.22 and a beta of 1.73.

Trican Well Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.81%. This is an increase from Trican Well Service's previous quarterly dividend of $0.05. Trican Well Service's payout ratio is presently 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.