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Trican Well Service ( (TSE:TCW) ) has shared an update.
Trican Well Service Ltd. has received clearance from the Competition Bureau for its acquisition of Iron Horse Energy Services, a provider of fracturing and coiled tubing services in key Canadian plays. This acquisition, valued at approximately $77.35 million in cash and 33.76 million Trican shares, is expected to enhance Trican’s growth strategy and service offerings in the Western Canadian Sedimentary Basin, with the anticipated closing date around August 27, 2025.
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 is driven by strong financial performance and strategic corporate actions. The company’s robust revenue growth, profitability, and strategic acquisitions position it well in the industry. While technical indicators suggest caution due to potential overbought conditions, the valuation remains attractive, and recent earnings calls and corporate events bolster investor confidence.
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. supplies oil and natural gas well servicing equipment and solutions, supporting customers through the drilling, completion, and production cycles with state-of-the-art equipment, engineering support, and reservoir expertise.
Average Trading Volume: 537,928
Technical Sentiment Signal: Buy
Current Market Cap: C$1.05B
See more data about TCW stock on TipRanks’ Stock Analysis page.