TSE:TCW FY2025 EPS Raised by Raymond James Financial

Key Points

• Raymond James Financial has increased its FY2025 earnings per share estimate for Trican Well Service from $0.63 to $0.65, maintaining a "Moderate Buy" rating with a target price of $6.50.
• Multiple analysts have raised their price targets for Trican Well Service, with estimates ranging from C$6.00 to C$6.50, indicating a general consensus on the company's strong performance.
• Trican Well Service declared a quarterly dividend of $0.05 per share, which results in an annual yield of 3.5% and a payout ratio of approximately 32.02%.

Trican Well Service Ltd. (TSE:TCW - Free Report) - Equities researchers at Raymond James Financial increased their FY2025 EPS estimates for Trican Well Service in a research report issued on Wednesday, July 30th. Raymond James Financial analyst M. Barth now forecasts that the company will earn $0.65 per share for the year, up from their previous forecast of $0.63. Raymond James Financial has a "Moderate Buy" rating and a $6.50 price target on the stock. Raymond James Financial also issued estimates for Trican Well Service's FY2027 earnings at $0.81 EPS.

Several other equities research analysts also recently commented on TCW. ATB Capital upped their price target on shares of Trican Well Service from C$5.50 to C$6.50 and gave the company an "outperform" rating in a research report on Friday, July 4th. Royal Bank Of Canada raised their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. TD Securities upped their price objective on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a "hold" rating in a report on Friday, July 4th. National Bankshares upped their price objective on shares of Trican Well Service from C$5.75 to C$6.50 and gave the stock a "sector perform" rating in a report on Friday, July 4th. Finally, BMO Capital Markets upped their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock an "outperform" rating in a report on Friday, July 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Trican Well Service currently has an average rating of "Moderate Buy" and an average target price of C$6.17.

Trican Well Service Stock Performance

Shares of TSE:TCW remained flat at C$5.66 during mid-day trading on Friday. 244,705 shares of the company traded hands, compared to its average volume of 569,435. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The stock has a market capitalization of C$1.07 billion, a P/E ratio of 10.07, a PEG ratio of 0.22 and a beta of 1.73. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$5.91. The firm's 50-day simple moving average is C$5.02 and its 200 day simple moving average is C$4.65.

Trican Well Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, June 13th. Trican Well Service's payout ratio is 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.