Trican Well Service (TCW) AI Stock Analysis

• Market Cap: $1.12B
• Dividend Yield: 3.8%
• Average Volume (3M): 322.53K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.94
• Revenue Growth: 9.24%
• EPS Growth: 6.35%
• Country: CA
• Employees: 1,200
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.15
• Shares Outstanding: 212,231,340
• 10 Day Avg. Volume: 355,623
• 30 Day Avg. Volume: 322,528
• PEG Ratio: -5.24
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 12.85
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: 0.84
• Enterprise Value/Gross Profit: 4.39
• Enterprise Value/Ebitda: 3.79
• 1Y Price Target: $6.92
• Price Target Upside: 24.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: C$6.00 ▲(8.30% Upside)

Trican Well Service's overall stock score is driven by strong financial performance and a positive earnings outlook. The company's low valuation metrics and attractive dividend yield further enhance its appeal. However, bearish technical indicators and external challenges such as oil price volatility slightly temper the overall score.

Positive Factors

Revenue Growth

The significant year-over-year revenue growth indicates strong demand for Trican's services, reinforcing its market position and potential for sustained business expansion.

Cash Generation

Robust free cash flow generation enhances Trican's financial flexibility, enabling strategic investments and shareholder returns, supporting long-term growth.

Technological Advancements

Investing in natural gas solutions aligns with industry trends towards sustainability, potentially reducing costs and enhancing competitive advantage.

Negative Factors

Oil Price Volatility

Volatility in oil prices can disrupt project timelines and revenue streams, posing a risk to Trican's financial performance and planning.

Acquisition Costs

Acquisition-related expenses can strain financial resources and impact profitability, necessitating careful integration and cost management strategies.

Pricing Pressure

Competitive pricing pressures can erode margins and limit pricing power, challenging Trican's ability to maintain profitability in a competitive market.

Trican Well Service Business Overview & Revenue Model

Company Description

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 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; and cement pumpers, bulk equipment, and cement auxiliary equipment. It also provides reservoir solutions, such as exploration, production analysis, and simulation and modeling services; and coiled tubing solutions comprising coiled tubing fracturing and acidizing, specially designed tools, in-house engineering, well cleanouts, milling, high pressure jetting, e-coil, nitrogen gas lifting, and production enhancement, as well as equipment and tools. In addition, the company offers acidizing and production enhancement services that include production and injection well enhancement services, and equipment; well intervention tools; and fracturing solutions and equipment. Trican Well Service Ltd. was incorporated in 1979 and is headquartered in Calgary, Canada.

How the Company Makes Money

Trican Well Service generates revenue primarily through its pressure pumping services, which include hydraulic fracturing and cementing. The company charges clients based on the volume of services provided and the complexity of the operations performed. Key revenue streams include contracts with oil and gas exploration and production companies, which often involve multi-year agreements that provide steady cash flow. Additionally, TCW benefits from partnerships with major energy firms, allowing it to secure substantial projects and maintain a competitive edge in the market. Fluctuations in oil and gas prices, as well as demand for energy services, significantly influence the company's earnings, making it sensitive to market conditions.

Trican Well Service Financial Statement Overview

Summary

Trican Well Service exhibits strong financial performance with robust revenue growth and profitability. The company benefits from a stable balance sheet with low leverage and impressive cash flow metrics, highlighting efficient cash management. Minor fluctuations in margins and equity do not significantly detract from the overall solid financial health.

Income Statement

Trican Well Service has demonstrated strong revenue growth, particularly in the TTM period with a 20.5% increase. The company maintains healthy margins with a gross profit margin of 19.2% and a net profit margin of 10.7% in the TTM. EBIT and EBITDA margins are also robust at 14.3% and 22.2%, respectively. These figures indicate solid profitability and operational efficiency, although there is a slight decline in margins compared to previous years.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.041, indicating minimal leverage. Return on equity is strong at 21.2%, showcasing effective use of equity to generate profits. The equity ratio stands at 74.5%, highlighting a solid equity base. However, the slight decrease in stockholders' equity over time suggests a need for careful management of equity resources.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth at 33.7% in the TTM, indicating enhanced cash generation capabilities. The operating cash flow to net income ratio of 2.04 suggests strong cash flow relative to net income, while the free cash flow to net income ratio of 0.71 reflects efficient cash conversion. These metrics underscore the company's strong cash flow position, although fluctuations in free cash flow growth in previous years warrant attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	969.97M	980.84M	972.68M	866.29M	562.48M	397.02M
Gross Profit	185.93M	190.00M	201.15M	150.34M	43.29M	-40.57M
EBITDA	215.09M	225.54M	238.76M	190.68M	101.76M	-144.44M
Net Income	103.43M	109.48M	121.01M	79.22M	12.06M	-233.32M
Balance Sheet
Total Assets	639.34M	683.07M	710.44M	671.12M	577.84M	563.21M
Cash, Cash Equivalents and Short-Term Investments	36.34M	26.28M	88.75M	58.11M	29.51M	22.61M
Total Debt	19.68M	20.01M	18.14M	42.39M	10.32M	13.77M
Total Liabilities	162.84M	194.68M	193.38M	166.45M	88.44M	70.94M
Stockholders Equity	476.50M	488.39M	517.07M	504.67M	489.40M	492.27M
Cash Flow
Free Cash Flow	154.38M	79.78M	169.17M	48.61M	20.21M	57.98M
Operating Cash Flow	216.99M	154.84M	248.46M	152.23M	74.10M	70.77M
Investing Cash Flow	-76.56M	-75.92M	-75.09M	-85.80M	-39.35M	13.26M
Financing Cash Flow	-140.07M	-141.39M	-142.73M	-37.83M	-27.84M	-68.67M

Trican Well Service Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TCW, the sentiment is Positive. The current price of 5.54 is above the 20-day moving average (MA) of 5.49, below the 50-day MA of 5.75, and above the 200-day MA of 4.98, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 49.07 is Neutral, neither overbought nor oversold. The STOCH value of 55.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TCW.

Trican Well Service Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CEU	76 Outperform	$2.37B	13.86	22.50%	1.42%	5.79%	-5.08%
TCW	72 Outperform	$1.12B	9.26	18.06%	3.80%	9.24%	6.35%
EFX	71 Outperform	C$2.17B	12.25	12.48%	0.80%	5.92%	―
TOT	69 Neutral	C$525.44M	8.76	10.51%	2.76%	15.58%	47.55%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
STEP	58 Neutral	C$399.37M	-19.59	-1.94%	―	-9.19%	-119.27%
CFW	55 Neutral	C$269.69M	27.35	3.20%	―	-8.13%	-28.00%

Trican Well Service Corporate Events

Trican Well Service Reports Strong Q3 2025 Results

Trican Well Service Ltd., headquartered in Calgary, Alberta, is a leading provider of oil and natural gas well servicing equipment and solutions, specializing in hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales within the energy sector.

Trican Well Service Reports Strong Q3 2025 Results and Strategic Acquisition

Trican Well Service Ltd. reported strong third-quarter results for 2025, with revenue increasing to $300.6 million compared to the previous year, driven by an acquisition and increased operational activity despite weak commodity prices. The company also announced the completion of its strategic acquisition of Iron Horse Coiled Tubing Inc., which is expected to bolster its service offerings and market position in the Western Canadian Sedimentary Basin. Additionally, Trican continues its return of capital strategy through its Normal Course Issuer Bid (NCIB) program, purchasing and canceling a significant number of shares, and has renewed the program for another year.

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.

Trican Well Service to Announce Q3 2025 Results

Trican Well Service Ltd. has announced that it will release its Third Quarter 2025 financial results on October 28, 2025, after the market closes. The company will hold a conference call on October 29, 2025, to discuss these results, which could provide insights into its operational performance and market positioning within the oil and gas industry.

The most recent analyst rating on (TSE:TCW) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Trican Well Service stock, see the TSE:TCW Stock Forecast page.

Trican Well Service Renews Share Buyback Program for 2025-2026

Trican Well Service Ltd. has announced the renewal of its normal course issuer bid (NCIB) program, allowing the company to repurchase up to 18,405,613 common shares, representing 10% of its public float, between October 2025 and October 2026. This move underscores Trican’s commitment to providing shareholder returns and maintaining a prudent capital structure, as the company has repurchased a significant portion of its shares since 2017, reflecting its strategic focus on shareholder value.

The most recent analyst rating on (TSE:TCW) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Trican Well Service stock, see the TSE:TCW Stock Forecast page.

Trican Completes Acquisition of Iron Horse Energy Services

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.

Trican Well Service Clears Regulatory Hurdle for Iron Horse Acquisition

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.