Atb Cap Markets Has Positive View of TSE:TCW FY2024 Earnings

Trican Well Service Ltd. (TSE:TCW - Free Report) - Equities research analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for Trican Well Service in a report issued on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now forecasts that the company will earn $0.55 per share for the year, up from their prior estimate of $0.50. Atb Cap Markets also issued estimates for Trican Well Service's Q4 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.18 EPS, FY2025 earnings at $0.61 EPS, Q1 2026 earnings at $0.22 EPS, Q2 2026 earnings at $0.10 EPS and Q3 2026 earnings at $0.21 EPS.

Several other research firms have also recently weighed in on TCW. Cormark upped their price objective on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. BMO Capital Markets cut their price objective on Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th. TD Securities cut their price objective on Trican Well Service from C$5.00 to C$4.75 and set a "hold" rating for the company in a research report on Tuesday, October 8th. Royal Bank of Canada raised their price objective on Trican Well Service from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Finally, Raymond James cut their price objective on Trican Well Service from C$5.00 to C$4.75 in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$5.72.

Trican Well Service Trading Up 3.3 %

Shares of Trican Well Service stock traded up C$0.15 during trading hours on Monday, hitting C$4.66. The company's stock had a trading volume of 711,237 shares, compared to its average volume of 705,739. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.24. The stock has a 50 day moving average of C$4.74 and a 200 day moving average of C$4.64. The company has a market capitalization of C$894.44 million, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.60 and a quick ratio of 1.75.

Insider Buying and Selling at Trican Well Service

In other Trican Well Service news, Senior Officer Scott Eric Matson bought 27,000 shares of Trican Well Service stock in a transaction on Friday, August 9th. The shares were purchased at an average price of C$4.82 per share, with a total value of C$130,140.00. In the last quarter, insiders have acquired 35,977 shares of company stock valued at $173,559. 0.62% of the stock is currently owned by corporate insiders.

Trican Well Service Announces Dividend

The business 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 dividend of $0.045 per share. 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 3.86%. Trican Well Service's dividend payout ratio (DPR) is presently 31.58%.

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.