Brokers Offer Predictions for TSE:TCW FY2025 Earnings

Trican Well Service Ltd. (TSE:TCW - Free Report) - Raymond James Financial cut their FY2025 earnings per share (EPS) estimates for Trican Well Service in a report issued on Thursday, July 3rd. Raymond James Financial analyst M. Barth now expects that the company will post earnings of $0.58 per share for the year, down from their previous estimate of $0.59. Raymond James Financial currently has a "Outperform" rating and a $6.50 price target on the stock.

A number of other research analysts also recently commented on the company. BMO Capital Markets upped their price objective on Trican Well Service from C$5.00 to C$6.00 and gave the stock an "outperform" rating in a research note on Friday. Royal Bank Of Canada upped their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. National Bankshares upped their price objective on Trican Well Service from C$5.75 to C$6.50 and gave the stock a "sector perform" rating in a research note on Friday. ATB Capital raised their target price on Trican Well Service from C$5.50 to C$6.50 and gave the company an "outperform" rating in a research report on Friday. Finally, TD Securities raised their target price on Trican Well Service from C$4.75 to C$5.50 and gave the company a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.21.

Trican Well Service Stock Up 3.5%

TSE TCW traded up C$0.18 on Friday, hitting C$5.38. 1,059,842 shares of the stock traded hands, compared to its average volume of 563,849. The stock has a 50-day moving average of C$4.42 and a 200 day moving average of C$4.57. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$5.45. The company has a market capitalization of C$1.02 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, June 13th. Trican Well Service's dividend payout ratio is presently 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.