Raymond James Weighs in on Trican Well Service Ltd.’s FY2027 Earnings (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW) – Stock analysts at Raymond James issued their FY2027 EPS estimates for Trican Well Service in a research report issued on Wednesday, July 31st. Raymond James analyst M. Barth anticipates that the company will post earnings of $0.49 per share for the year. Raymond James currently has a “Market Perform” rating and a $5.00 price target on the stock. The consensus estimate for Trican Well Service’s current full-year earnings is $0.52 per share.

Other research analysts also recently issued reports about the stock. TD Securities increased their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Cormark raised their price target on Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. BMO Capital Markets lifted their price objective on shares of Trican Well Service from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target 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, August 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trican Well Service has an average rating of “Moderate Buy” and an average target price of C$5.91.

Trican Well Service Stock Performance

Shares of Trican Well Service stock opened at C$5.02 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.74 and a debt-to-equity ratio of 3.40. Trican Well Service has a 52 week low of C$3.79 and a 52 week high of C$5.33. The firm’s 50 day moving average is C$4.73 and its two-hundred day moving average is C$4.40. The firm has a market capitalization of C$1.02 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.22 and a beta of 1.82.

Trican Well Service (TSE:TCW) last released its quarterly earnings data on Monday, May 13th. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The business had revenue of C$271.93 million for the quarter, compared to the consensus estimate 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 business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, September 13th. This represents a $0.18 annualized dividend and a dividend yield of 3.59%. Trican Well Service’s 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.