Raymond James Issues Optimistic Outlook for TSE:TCW Earnings

Trican Well Service Ltd. (TSE:TCW) – Raymond James lifted their FY2027 EPS estimates for shares of Trican Well Service in a research note issued on Wednesday, April 9th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.50 per share for the year, up from their prior estimate of $0.47.

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

Trican Well Service Price Performance

Shares of TSE:TCW opened at C$4.06 on Monday. 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 stock has a market capitalization of C$766.19 million, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The firm’s 50 day moving average price is C$4.50 and its 200-day moving average price is C$4.72. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$5.45.

Trican Well Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.93%. This is an increase from Trican Well Service’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. Trican Well Service’s dividend payout ratio is presently 32.02%.

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.