Cormark Expects Reduced Earnings for Trican Well Service

Trican Well Service Ltd. (TSE:TCW) – Stock analysts at Cormark dropped their FY2026 EPS estimates for shares of Trican Well Service in a note issued to investors on Wednesday, May 14th. Cormark analyst B. Watson now expects that the company will post earnings of $0.41 per share for the year, down from their previous estimate of $0.46.

Several other research firms have also weighed in on TCW. Royal Bank of Canada reduced their target price on shares of Trican Well Service from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Thursday, April 17th. TD Securities reduced 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 report on Wednesday, April 16th.

Trican Well Service Stock Performance

TSE:TCW opened at C$4.44 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 5.89. The firm has a market capitalization of C$837.90 million, a price-to-earnings ratio of 7.90, a PEG ratio of 0.22 and a beta of 1.73. The firm’s fifty day simple moving average is C$4.30 and its 200 day simple moving average is C$4.63. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$5.45.

Trican Well Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.05 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 4.50%. This is a positive change from Trican Well Service’s previous quarterly dividend of $0.05. Trican Well Service’s payout ratio is currently 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.