TSE:TCW FY2025 EPS Reduced by Raymond James Financial

Key Points

• Raymond James Financial has reduced its FY2025 earnings per share estimate for Trican Well Service from $0.65 to $0.64 and maintains a "Moderate Buy" rating with a target price of $6.50.
• Trican Well Service announced an increase in its quarterly dividend from $0.05 to $0.055 per share, resulting in a 3.6% dividend yield.
• The company has a consensus rating of "Moderate Buy" with an average price target of C$6.17, despite a mixed response from various analysts.

Trican Well Service Ltd. (TSE:TCW - Free Report) - Stock analysts at Raymond James Financial dropped their FY2025 earnings per share estimates for shares of Trican Well Service in a research report issued to clients and investors on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the company will earn $0.64 per share for the year, down from their prior estimate of $0.65. Raymond James Financial currently has a "Moderate Buy" rating and a $6.50 target price on the stock. Raymond James Financial also issued estimates for Trican Well Service's FY2026 earnings at $0.74 EPS and FY2027 earnings at $0.78 EPS.

Several other equities analysts have also commented on the stock. ATB Capital increased their price objective 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. National Bankshares increased their price target on shares of Trican Well Service from C$5.75 to C$6.50 and gave the company a "sector perform" rating in a report on Friday, July 4th. BMO Capital Markets raised their price objective on Trican Well Service from C$5.00 to C$6.00 and gave the company an "outperform" rating in a research note on Friday, July 4th. Finally, TD Securities raised their price objective on Trican Well Service from C$4.75 to C$5.50 and gave the company a "hold" rating in a research note on Friday, July 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Trican Well Service currently has a consensus rating of "Moderate Buy" and an average price target of C$6.17.

Trican Well Service Price Performance

TCW stock opened at C$6.19 on Wednesday. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$6.39. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The company has a fifty day simple moving average of C$5.89 and a two-hundred day simple moving average of C$5.05. The firm has a market capitalization of C$1.31 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.22 and a beta of 0.40.

Trican Well Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.6%. This is a positive change from Trican Well Service's previous quarterly dividend of $0.05. The ex-dividend date was Friday, September 12th. Trican Well Service's dividend payout ratio is 35.19%.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.

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