Trican Well Service Ltd. Expected to Post Q4 2022 Earnings of $0.08 Per Share (TSE:TCW)

Trican Well Service Ltd. (TSE:TCWGet Rating) – Investment analysts at Stifel Firstegy cut their Q4 2022 EPS estimates for Trican Well Service in a report issued on Monday, September 12th. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.09. The consensus estimate for Trican Well Service’s current full-year earnings is $0.29 per share. Stifel Firstegy also issued estimates for Trican Well Service’s FY2023 earnings at $0.40 EPS.

Trican Well Service (TSE:TCWGet Rating) last issued its earnings results on Tuesday, July 26th. The company reported C$0.01 EPS for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.03. The company had revenue of C$152.64 million for the quarter, compared to analysts’ expectations of C$132.27 million.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Trican Well Service from C$5.25 to C$5.50 in a research note on Wednesday, July 27th. ATB Capital increased their price objective on shares of Trican Well Service from C$5.00 to C$5.50 in a research note on Thursday, July 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Trican Well Service currently has an average rating of “Moderate Buy” and a consensus target price of C$5.00.

Trican Well Service Price Performance

TSE TCW opened at C$3.45 on Thursday. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.71 and a current ratio of 1.92. The firm’s 50 day moving average price is C$3.45 and its 200-day moving average price is C$3.80. Trican Well Service has a 52-week low of C$2.46 and a 52-week high of C$4.90. The company has a market cap of C$841.30 million and a PE ratio of 26.54.

About Trican Well Service

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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 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; and cement pumpers, bulk equipment, and cement auxiliary equipment.

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Earnings History and Estimates for Trican Well Service (TSE:TCW)

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