FY2024 EPS Estimates for TSE:TCW Increased by Raymond James

Trican Well Service Ltd. (TSE:TCW) – Raymond James increased their FY2024 EPS estimates for shares of Trican Well Service in a research note issued on Wednesday, October 30th. Raymond James analyst M. Barth now expects that the company will earn $0.53 per share for the year, up from their prior estimate of $0.49. Raymond James also issued estimates for Trican Well Service’s FY2026 earnings at $0.52 EPS and FY2027 earnings at $0.50 EPS.

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

Trican Well Service Stock Performance

Shares of TCW stock opened at C$4.62 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.60 and a debt-to-equity ratio of 3.90. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.24. The stock has a market capitalization of C$886.76 million, a PE ratio of 8.19, a P/E/G ratio of 0.22 and a beta of 1.73. The firm has a 50 day moving average of C$4.73 and a two-hundred day moving average of C$4.64.

Insider Buying and Selling at Trican Well Service

In other news, Senior Officer Scott Eric Matson bought 27,000 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of C$4.82 per share, with a total value of C$130,140.00. Over the last three months, insiders have acquired 35,977 shares of company stock worth $173,559. 0.62% of the stock is owned by company insiders.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a yield of 3.90%. Trican Well Service’s dividend payout ratio is presently 31.58%.

Trican Well Service Company Profile

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.