Cormark Has Positive Estimate for TSE:TCW FY2025 Earnings

Trican Well Service Ltd. (TSE:TCW) – Equities research analysts at Cormark raised their FY2025 earnings per share estimates for shares of Trican Well Service in a research report issued on Wednesday, May 14th. Cormark analyst B. Watson now anticipates that the company will earn $0.43 per share for the year, up from their previous estimate of $0.42.

TCW has been the subject of several other reports. Royal Bank of Canada lowered their price objective on Trican Well Service from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Thursday, April 17th. TD Securities decreased their target price on Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating for the company in a research report on Wednesday, April 16th.

Trican Well Service Trading Up 0.7%

TSE:TCW opened at C$4.47 on Friday. The stock has a 50-day simple moving average of C$4.30 and a 200-day simple moving average of C$4.64. The stock has a market cap of C$843.56 million, a P/E ratio of 7.95, a P/E/G ratio of 0.22 and a beta of 1.73. Trican Well Service has a 1 year low of C$3.69 and a 1 year high of C$5.45. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62.

Trican Well Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.05 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Trican Well Service’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.47%. Trican Well Service’s dividend payout ratio is 32.02%.

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.