FY2023 EPS Estimates for Trican Well Service Ltd. Increased by Analyst (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW – Get Rating) – Equities research analysts at Raymond James raised their FY2023 earnings per share estimates for Trican Well Service in a report issued on Friday, May 12th. Raymond James analyst A. Bradford now expects that the company will post earnings per share of $0.49 for the year, up from their previous estimate of $0.45. The consensus estimate for Trican Well Service’s current full-year earnings is $0.50 per share.

TCW has been the topic of a number of other research reports. BMO Capital Markets dropped their target price on Trican Well Service from C$5.50 to C$4.50 in a research report on Monday, March 27th. Canaccord Genuity Group dropped their price target on Trican Well Service from C$5.50 to C$4.00 in a research report on Wednesday, March 29th.

Trican Well Service Price Performance

TCW opened at C$3.18 on Monday. Trican Well Service has a 1 year low of C$2.66 and a 1 year high of C$4.90. The firm has a market capitalization of C$727.55 million, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.22 and a beta of 2.06. The company has a debt-to-equity ratio of 8.40, a current ratio of 2.80 and a quick ratio of 1.75. The business’s 50-day moving average is C$3.11 and its two-hundred day moving average is C$3.45.

Trican Well Service (TSE:TCW – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported C$0.11 earnings per share for the quarter, meeting the consensus estimate of C$0.11. Trican Well Service had a return on equity of 15.94% and a net margin of 9.14%. The firm had revenue of C$236.50 million during the quarter, compared to the consensus estimate of C$241.63 million.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.16 dividend on an annualized basis and a yield of 5.03%. Trican Well Service’s dividend payout ratio is presently 50.00%.

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.