Cormark Research Analysts Cut Earnings Estimates for TSE:TCW

Trican Well Service Ltd. (TSE:TCW - Free Report) - Cormark lowered their FY2025 earnings per share (EPS) estimates for Trican Well Service in a research report issued on Friday, February 21st. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.42 per share for the year, down from their previous forecast of $0.44.

Other research analysts have also recently issued reports about the stock. ATB Capital increased their price target on shares of Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th. BMO Capital Markets reduced their target price on shares of Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. Finally, TD Securities boosted their price target on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a "hold" rating in a research note on Thursday, February 20th.

Trican Well Service Price Performance

Shares of TSE TCW traded up C$0.02 during trading hours on Monday, reaching C$4.52. 704,271 shares of the stock traded hands, compared to its average volume of 511,849. The company's 50-day simple moving average is C$4.90 and its two-hundred day simple moving average is C$4.83. The company has a market capitalization of C$853.00 million, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. Trican Well Service has a 52-week low of C$3.99 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.98%. Trican Well Service's dividend payout ratio is currently 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.