Atb Cap Markets Equities Analysts Lower Earnings Estimates for Trican Well Service Ltd. (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW - Free Report) - Research analysts at Atb Cap Markets lowered their Q1 2024 earnings per share (EPS) estimates for shares of Trican Well Service in a note issued to investors on Sunday, April 7th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.19. The consensus estimate for Trican Well Service's current full-year earnings is $0.51 per share.

TCW has been the subject of a number of other research reports. TD Securities lowered their price objective on Trican Well Service from C$4.75 to C$4.50 and set a "hold" rating for the company in a research note on Friday, February 23rd. ATB Capital set a C$6.00 target price on Trican Well Service and gave the stock an "outperform" rating in a research report on Friday, December 22nd. BMO Capital Markets decreased their target price on Trican Well Service from C$6.00 to C$5.00 in a research report on Thursday, March 28th. Raymond James set a C$4.50 target price on Trican Well Service and gave the stock a "market perform" rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus decreased their target price on Trican Well Service from C$6.50 to C$6.00 and set a "buy" rating for the company in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$5.46.

Trican Well Service Stock Up 4.2 %

TSE TCW traded up C$0.18 during mid-day trading on Wednesday, reaching C$4.49. 1,007,201 shares of the company's stock traded hands, compared to its average volume of 753,514. Trican Well Service has a 1-year low of C$2.91 and a 1-year high of C$5.33. The company has a fifty day simple moving average of C$4.15 and a 200-day simple moving average of C$4.27. The company has a current ratio of 2.06, a quick ratio of 1.75 and a debt-to-equity ratio of 3.51. The company has a market cap of C$935.09 million, a price-to-earnings ratio of 7.88, a P/E/G ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.14 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.14. Trican Well Service had a return on equity of 23.69% and a net margin of 12.44%. The firm had revenue of C$254.92 million during the quarter, compared to analyst estimates of C$244.57 million.

Trican Well Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were issued a $0.045 dividend. This is an increase from Trican Well Service's previous quarterly dividend of $0.04. The ex-dividend date was Thursday, March 14th. This represents a $0.18 annualized dividend and a dividend yield of 4.01%. Trican Well Service's dividend payout ratio (DPR) is 31.58%.

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.