FY2027 Earnings Forecast for TSE:TCW Issued By Raymond James

Trican Well Service Ltd. (TSE:TCW - Free Report) - Raymond James raised their FY2027 EPS estimates for shares of Trican Well Service in a research report 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 previous estimate of $0.47.

Separately, TD Securities boosted 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 TCW traded up C$0.07 during trading hours on Monday, reaching C$4.20. 427,386 shares of the company traded hands, compared to its average volume of 605,323. 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$792.61 million, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The stock has a fifty day simple moving average of C$4.48 and a 200 day simple moving average of C$4.71. Trican Well Service has a fifty-two week low of C$3.69 and a fifty-two week high of C$5.45.

Trican Well Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.05 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 4.76%. This is a positive change from Trican Well Service's previous quarterly dividend of $0.05. Trican Well Service's dividend payout ratio is presently 32.02%.

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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.