Atb Cap Markets Brokers Lift Earnings Estimates for TSE:TCW

Trican Well Service Ltd. (TSE:TCW) – Atb Cap Markets raised their FY2024 earnings per share (EPS) estimates for shares of Trican Well Service in a research note issued on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings of $0.55 per share for the year, up from their previous estimate of $0.50. Atb Cap Markets also issued estimates for Trican Well Service’s Q4 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.18 EPS, FY2025 earnings at $0.61 EPS, Q1 2026 earnings at $0.22 EPS, Q2 2026 earnings at $0.10 EPS and Q3 2026 earnings at $0.21 EPS.

Several other brokerages have also weighed in on TCW. Raymond James cut their price objective on shares of Trican Well Service from C$5.00 to C$4.75 in a report on Tuesday, October 15th. TD Securities reduced their price target on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Tuesday, October 8th. BMO Capital Markets dropped their price objective on Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Cormark raised their target price on Trican Well Service from C$6.00 to C$6.50 in a report on Monday, July 29th. Finally, Royal Bank of Canada upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$5.72.

Trican Well Service Stock Down 2.4 %

Shares of TSE TCW opened at C$4.51 on Monday. Trican Well Service has a 1 year low of C$3.79 and a 1 year high of C$5.24. The firm’s 50-day moving average is C$4.74 and its 200-day moving average is C$4.64. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of C$865.65 million, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Insider Transactions at Trican Well Service

In related news, Senior Officer Scott Eric Matson purchased 27,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of C$4.82 per share, with a total value of C$130,140.00. Insiders have acquired a total of 35,977 shares of company stock valued at $173,559 over the last 90 days. 0.62% of the stock is owned by company insiders.

Trican Well Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.99%. Trican Well Service’s dividend payout ratio (DPR) is currently 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.