Cormark Lowers Earnings Estimates for Trican Well Service

Trican Well Service Ltd. (TSE:TCW) – Equities research analysts at Cormark lowered their FY2026 EPS estimates for Trican Well Service in a report released on Wednesday, May 14th. Cormark analyst B. Watson now anticipates that the company will earn $0.41 per share for the year, down from their previous forecast of $0.46.

TCW has been the topic of several other reports. Royal Bank of Canada dropped their price target on shares of Trican Well Service from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. TD Securities lowered their target price on shares of Trican Well Service from C$5.00 to C$4.75 and set a “hold” rating on the stock in a research report on Wednesday, April 16th.

Trican Well Service Stock Performance

Shares of Trican Well Service stock opened at C$4.47 on Thursday. The firm has a market capitalization of C$843.56 million, a P/E ratio of 7.95, a P/E/G ratio of 0.22 and a beta of 1.73. Trican Well Service has a 52 week low of C$3.69 and a 52 week high of C$5.45. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 5.89. The firm’s 50 day moving average is C$4.30 and its two-hundred day moving average is C$4.63.

Trican Well Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.47%. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. Trican Well Service’s dividend payout ratio (DPR) 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.