Cormark Lowers Earnings Estimates for Trican Well Service

Posted by Kyle Jackson on Feb 26th, 2025

Trican Well Service Ltd. (TSE:TCW – Free Report) – Analysts at Cormark reduced their FY2025 EPS estimates for Trican Well Service in a note issued to investors on Friday, February 21st. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.42 per share for the year, down from their previous estimate of $0.44.

Several other brokerages have also recently issued reports on TCW. BMO Capital Markets reduced their target price on shares of Trican Well Service from C$5.50 to C$5.00 in a report on Wednesday, October 30th. ATB Capital lifted 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, TD Securities lifted their price objective 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.

Check Out Our Latest Analysis on TCW

Trican Well Service Trading Down 2.3 %

Shares of Trican Well Service stock opened at C$4.59 on Monday. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a fifty day moving average price of C$4.90 and a 200 day moving average price of C$4.84. Trican Well Service has a 1 year low of C$3.99 and a 1 year high of C$5.45. The stock has a market cap of C$866.21 million, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73.

Trican Well Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.92%. Trican Well Service’s dividend payout ratio is currently 32.02%.

Trican Well Service Company Profile

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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.