FY2024 Earnings Estimate for Trican Well Service Ltd. Issued By Raymond James (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW) – Raymond James raised their FY2024 earnings per share estimates for Trican Well Service in a report issued on Wednesday, July 31st. Raymond James analyst M. Barth now anticipates that the company will earn $0.56 per share for the year, up from their previous forecast of $0.55. Raymond James currently has a “Market Perform” rating and a $5.00 price objective on the stock. The consensus estimate for Trican Well Service’s current full-year earnings is $0.52 per share. Raymond James also issued estimates for Trican Well Service’s FY2025 earnings at $0.63 EPS, FY2026 earnings at $0.51 EPS and FY2028 earnings at $0.49 EPS.

A number of other research firms have also recently commented on TCW. Royal Bank of Canada increased their target price on Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday. Cormark raised their price objective on shares of Trican Well Service from C$6.00 to C$6.50 in a research note on Monday. BMO Capital Markets lifted their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD Securities increased their price target 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 Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.91.

Trican Well Service Stock Performance

Shares of TCW stock opened at C$5.18 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.75 and a debt-to-equity ratio of 3.40. The company’s fifty day moving average price is C$4.68 and its 200-day moving average price is C$4.38. The stock has a market cap of C$1.06 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.22 and a beta of 1.82. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.33.

Trican Well Service (TSE:TCW) last posted its quarterly earnings results on Monday, May 13th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$271.93 million for the quarter, compared to analyst estimates of C$282.63 million. Trican Well Service had a return on equity of 22.33% and a net margin of 12.26%.

Trican Well Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, September 13th. Trican Well Service’s dividend payout ratio is currently 33.33%.

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.