Raymond James Brokers Raise Earnings Estimates for TSE:TCW

Trican Well Service Ltd. (TSE:TCW) – Equities research analysts at Raymond James lifted their FY2026 earnings per share estimates for Trican Well Service in a research note issued to investors on Wednesday, April 9th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.67 per share for the year, up from their previous estimate of $0.65.

Separately, TD Securities upped their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a “hold” rating in a report on Thursday, February 20th.

Trican Well Service Stock Performance

Shares of TCW stock opened at C$4.06 on Friday. The firm has a market capitalization of C$766.19 million, a price-to-earnings ratio of 7.22, a PEG ratio of 0.22 and a beta of 1.73. The stock has a fifty day moving average of C$4.50 and a 200 day moving average of C$4.72. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$5.45. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89.

Trican Well Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Trican Well Service’s previous quarterly dividend of $0.05. Trican Well Service’s dividend payout ratio (DPR) is presently 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.