Cormark Has Negative Estimate for TSE:TCW FY2025 Earnings

Trican Well Service Ltd. (TSE:TCW) – Equities researchers at Cormark dropped their FY2025 earnings per share (EPS) estimates for Trican Well Service in a research report issued to clients and 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 prior forecast of $0.44.

TCW has been the subject of a number of other research reports. TD Securities lifted their price objective on Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Thursday. ATB Capital lifted their price objective on Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets lowered their price objective on Trican Well Service from C$5.50 to C$5.00 in a research report on Wednesday, October 30th.

Trican Well Service Price Performance

Shares of TSE:TCW opened at C$4.74 on Monday. The company has a market cap of C$894.52 million, a P/E ratio of 8.43, a P/E/G ratio of 0.22 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. Trican Well Service has a 52 week low of C$3.88 and a 52 week high of C$5.45. The business has a fifty day simple moving average of C$4.91 and a 200-day simple moving average of C$4.84.

Trican Well Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Friday, December 13th. Trican Well Service’s dividend payout ratio (DPR) is presently 32.02%.

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.