Trican Well Service Ltd. (TSE:TCW – Free Report) – Cormark cut their FY2025 earnings estimates for shares of Trican Well Service in a report released on Friday, February 21st. Cormark analyst B. Watson now expects that the company will earn $0.42 per share for the year, down from their prior estimate of $0.44.
A number of other equities analysts also recently issued reports on TCW. TD Securities raised their price objective on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. ATB Capital raised their price objective on shares of Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. Finally, BMO Capital Markets dropped their price objective on shares of Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th.
Trican Well Service Stock Performance
Shares of TCW stock opened at C$4.59 on Monday. The company’s 50-day moving average is C$4.90 and its 200 day moving average is C$4.84. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market capitalization of C$866.21 million, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. Trican Well Service has a one year low of C$3.99 and a one year high of C$5.45.
Trican Well Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Friday, December 13th. Trican Well Service’s payout ratio is 32.02%.
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.
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