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Trican Well Service ( (TSE:TCW) ) has shared an announcement.
Trican Well Service Ltd. has announced a 2026 capital budget of $122 million, focusing on maintenance and targeted growth to ensure reliability and efficiency across its divisions. The budget includes $40 million for Canada’s first 100% natural gas-fueled hydraulic fracturing fleet, expected to be operational in the latter half of 2026, positioning the company for future opportunities and long-term growth.
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 strong financial performance and positive earnings call are the most significant factors driving the overall score. The company’s robust revenue growth, profitability, and strategic advancements in technology position it well for future growth. While technical analysis indicates some short-term caution, the stock’s valuation remains attractive, supported by a solid dividend yield.
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 in Western Canada. The company offers hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales, supported by a team of technical experts.
Average Trading Volume: 447,852
Technical Sentiment Signal: Buy
Current Market Cap: C$1.28B
Learn more about TCW stock on TipRanks’ Stock Analysis page.