FY2025 EPS Forecast for Trican Well Service Cut by Analyst

Trican Well Service Ltd. (TSE:TCW) – Raymond James Financial decreased their FY2025 EPS estimates for Trican Well Service in a report issued on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings per share of $0.64 for the year, down from their prior forecast of $0.65. Raymond James Financial has a “Moderate Buy” rating and a $6.50 price objective 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.

TCW has been the subject of several other research reports. TD Securities increased their price objective on shares of Trican Well Service from C$4.75 to C$5.50 and gave the stock a “hold” rating in a research report on Friday, July 4th. ATB Capital increased their price objective on shares of Trican Well Service from C$5.50 to C$6.50 and gave the stock an “outperform” rating in a research report on Friday, July 4th. BMO Capital Markets increased their price objective on shares of Trican Well Service from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, July 4th. Finally, National Bankshares increased their price objective on shares of Trican Well Service from C$5.75 to C$6.50 and gave the stock a “sector perform” rating in a research report on Friday, July 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$6.17.

Trican Well Service Stock Performance

TSE:TCW opened at C$6.18 on Wednesday. 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 market cap of C$1.31 billion, a P/E ratio of 11.44, a P/E/G ratio of 0.22 and a beta of 0.40. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$6.39. The firm’s 50 day moving average is C$5.90 and its two-hundred day moving average is C$5.06.

Trican Well Service Increases Dividend

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