Raymond James' FY2025 Earnings Forecast for Trican Well Service (TSE:TCW)

Trican Well Service Ltd. (TSE:TCW) has seen a modification in its earnings outlook as analysts from Raymond James recently issued new estimates for FY2025. In a report published on October 30th, Raymond James analyst M. Barth revised the expected earnings per share (EPS) for Trican down to $0.59 from an earlier projection of $0.60. Additionally, the firm has provided FY2028 earnings estimates, predicting EPS of $0.51 for that year.

Trican Well Service has been the focus of several recent analyses. Cormark raised its price target for the company’s shares from C$6.00 to C$6.50. In contrast, BMO Capital Markets decreased their price target from C$5.50 to C$5.00, while TD Securities also cut their target from C$5.00 to C$4.75 and maintained a “hold” rating on the stock.

Meanwhile, the Royal Bank of Canada adjusted their price target upward from C$5.50 to C$6.00, assigning an “outperform” rating to Trican. Currently, the consensus rating for Trican’s stock stands at a “Moderate Buy,” with an average price target of C$5.72, according to MarketBeat.com. The stock has garnered three “hold” ratings alongside three “buy” ratings from various analysts.

Stock Performance for Trican Well Service

As of the most recent trading session, shares of TSE:TCW opened at C$4.51. The market cap for Trican Well Service is approximately C$865.65 million, with a price-to-earnings ratio (P/E) of 7.91. Over the past year, the stock has fluctuated between a low of C$3.79 and a high of C$5.24. Currently, Trican’s 50-day moving average price is C$4.74, while the 200-day moving average price sits at C$4.64.

Dividend News

In other news, Trican Well Service has announced a quarterly dividend, which is scheduled for payment on December 31st. Shareholders registered by December 13th will receive a dividend of $0.045 per share. This equates to an annual dividend of $0.18, representing a yield of 3.99%. The company's dividend payout ratio currently stands at 31.58%.

Insider Trading Activity

Looking at insider trading, Senior Officer Scott Eric Matson bought 27,000 shares of Trican on August 9th for an average price of C$4.82 per share, totaling C$130,140. In the last three months, corporate insiders have acquired 35,977 shares valued at $173,559. It is noteworthy that insiders own about 0.62% of the company's stock.

Company Overview

Trican Well Service is an equipment services company based primarily in Canada. It provides a variety of specialized products, services, and technology for drilling, completion, stimulation, and reworking of oil and gas wells. The company's offerings include cementing solutions, which consist of cement plugs, pre-flushes, and cement design services, among others.

Conclusion

The adjustments by Raymond James and others in the market indicate a dynamic viewpoint on Trican Well Service’s financial prospects as it approaches FY2025. Investors will undoubtedly be keeping a close eye on the company's continuing performance and responses to these analysts' predictions.

Earnings, Forecast, Stocks