FY2024 Earnings Estimate for TSE:TCW Issued By Raymond James

Trican Well Service Ltd. (TSE:TCW) – Raymond James dropped their FY2024 earnings per share (EPS) estimates for Trican Well Service in a research report issued to clients and investors on Tuesday, October 15th. Raymond James analyst M. Barth now expects that the company will earn $0.49 per share for the year, down from their previous forecast of $0.56. Raymond James also issued estimates for Trican Well Service’s FY2025 earnings at $0.60 EPS and FY2026 earnings at $0.50 EPS.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada upped their price target on Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Cormark upped their price target on Trican Well Service from C$6.00 to C$6.50 in a research report on Monday, July 29th. BMO Capital Markets reduced their price target on Trican Well Service from C$6.00 to C$5.50 and set a “market perform” rating for the company in a research report on Friday, October 4th. Finally, TD Securities cut their target price 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Trican Well Service presently has an average rating of “Moderate Buy” and a consensus price target of C$5.78.

Trican Well Service Trading Down 0.7 %

Trican Well Service stock opened at C$4.50 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.75 and a debt-to-equity ratio of 3.90. The business’s fifty day simple moving average is C$4.82 and its two-hundred day simple moving average is C$4.62. Trican Well Service has a 12 month low of C$3.79 and a 12 month high of C$5.24. The company has a market capitalization of C$863.73 million, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service (TSE:TCW) last released its earnings results on Tuesday, July 30th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Trican Well Service had a return on equity of 24.57% and a net margin of 12.36%. The business had revenue of C$211.81 million for the quarter, compared to the consensus estimate of C$191.10 million.

Trican Well Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Friday, September 13th. Trican Well Service’s dividend payout ratio is currently 31.58%.

Insider Buying and Selling

In other news, Senior Officer Scott Eric Matson acquired 27,000 shares of Trican Well Service stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$4.82 per share, for a total transaction of C$130,140.00. In the last three months, insiders acquired 35,977 shares of company stock valued at $173,559. Insiders own 0.62% of the company’s stock.

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.