Raymond James Financial Forecasts TSE:TCW FY2025 Earnings

Trican Well Service Ltd. (TSE:TCW) – Equities researchers at Raymond James Financial reduced their FY2025 earnings per share (EPS) estimates for shares of Trican Well Service in a note issued to investors on Wednesday, October 29th. Raymond James Financial analyst M. Barth now forecasts that the company will post earnings of $0.57 per share for the year, down from their previous estimate of $0.64. Raymond James Financial currently has a “Moderate Buy” rating and a $6.50 price target on the stock. Raymond James Financial also issued estimates for Trican Well Service’s FY2026 earnings at $0.67 EPS and FY2027 earnings at $0.72 EPS.

A number of other research analysts also recently commented on TCW. National Bankshares increased their price objective on Trican Well Service from C$5.75 to C$6.50 and gave the company a “sector perform” rating in a report on Friday, July 4th. TD Securities dropped their price objective on Trican Well Service from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Wednesday. ATB Capital increased their price objective on Trican Well Service from C$5.50 to C$6.50 and gave the company an “outperform” rating in a report on Friday, July 4th. Royal Bank Of Canada increased their price objective on Trican Well Service from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, BMO Capital Markets increased their price objective on Trican Well Service from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Friday, July 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$6.42.

Trican Well Service Price Performance

Shares of TSE TCW opened at C$5.25 on Friday. The stock’s 50-day moving average is C$5.85 and its two-hundred day moving average is C$5.22. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. Trican Well Service has a 1-year low of C$3.69 and a 1-year high of C$6.39. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.22 and a beta of 0.40.

Trican Well Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. Trican Well Service’s payout ratio is 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.