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Trican Well Service ( (TSE:TCW) ) has issued an announcement.
Trican Well Service Ltd. has completed the acquisition of Iron Horse Energy Services, a provider of fracturing and coiled tubing services in the Western Canadian Sedimentary Basin. This acquisition, valued at approximately $77.35 million in cash and 33.76 million Trican shares, strengthens Trican’s market position and adds Iron Horse’s CEO, Tom Coolen, to its Board of Directors, signaling strategic growth and expansion in the region.
The most recent analyst rating on (TSE:TCW) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Trican Well Service stock, see the TSE:TCW Stock Forecast page.
Spark’s Take on TSE:TCW Stock
According to Spark, TipRanks’ AI Analyst, TSE:TCW is a Outperform.
Trican Well Service’s overall stock score reflects its strong financial performance and attractive valuation. The company’s strategic initiatives and solid technical indicators further support its positive outlook, despite challenges in pricing and cost pressures.
To see Spark’s full report on TSE:TCW stock, click here.
More about Trican Well Service
Headquartered in Calgary, Alberta, Trican Well Service Ltd. provides oil and natural gas well servicing equipment and solutions, specializing in hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales for the oil and gas industry in Western Canada.
Average Trading Volume: 551,148
Technical Sentiment Signal: Buy
Current Market Cap: C$1.03B
For detailed information about TCW stock, go to TipRanks’ Stock Analysis page.