Trican Well Service (TCW) AI Stock Analysis

• Market Cap: $1.24B
• Dividend Yield: 3.42%
• Average Volume (3M): 322.53K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 0.87
• Revenue Growth: -2.14%
• EPS Growth: -6.88%
• Country: CA
• Employees: 1,200
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.11
• 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: 0.66
• Enterprise Value/Revenue: 0.84
• Enterprise Value/Gross Profit: 4.39
• Enterprise Value/Ebitda: 3.79
• 1Y Price Target: $6.68
• Price Target Upside: 14.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: C$6.50 ▲(11.30% Upside)

Trican Well Service's strong financial performance and strategic initiatives are the most significant factors driving the score. The company's solid revenue growth, profitability, and cash flow management are complemented by a reasonable valuation and positive sentiment from the earnings call. Technical analysis presents a neutral outlook, with no immediate bullish or bearish signals.

Positive Factors

Strong Free Cash Flow

Strong free cash flow indicates robust cash generation capabilities, allowing for reinvestment in growth opportunities and financial flexibility.

Technological Advancements

Investing in sustainable technology positions Trican as a forward-thinking leader, enhancing competitive advantage and aligning with industry trends.

Solid Balance Sheet

A solid balance sheet with ample working capital and cash reserves provides stability and supports strategic initiatives and operational resilience.

Negative Factors

Pricing Pressure and Margins

Pricing pressure and lower margins can impact profitability, challenging Trican's ability to maintain its financial performance in a competitive market.

Increased Cement Costs

Rising input costs, such as cement, can erode profit margins and necessitate price adjustments, affecting long-term cost management strategies.

Steel Tariffs Impact

Increased costs from tariffs can strain operational budgets and reduce competitiveness, impacting Trican's ability to manage expenses effectively.

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 diverse array of well service offerings, particularly hydraulic fracturing services, which are critical for enhancing oil and gas production. The company's revenue model is based on charging clients for the services rendered, which can include daily rates for equipment and personnel, as well as fees based on the volume of materials used during operations. Key revenue streams stem from contracts with exploration and production companies, both on a short-term and long-term basis. Additionally, TCW benefits from strategic partnerships with major oil and gas operators, which provide a steady pipeline of projects and opportunities for collaboration. Market demand, pricing volatility in the oil and gas sector, and operational efficiency also play significant roles in influencing the company's earnings.

Trican Well Service Financial Statement Overview

Summary

Trican Well Service exhibits strong financial performance with robust revenue growth and profitability. The company maintains a stable balance sheet with low leverage and impressive cash flow metrics, despite minor fluctuations in margins and equity.

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: 5.84
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 5.84 is below the 20-day moving average (MA) of 5.92, below the 50-day MA of 5.86, and above the 200-day MA of 4.95, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 50.72 is Neutral, neither overbought nor oversold. The STOCH value of 47.92 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
TCW	76 Outperform	$1.24B	10.71	20.50%	3.42%	-2.14%	-6.88%
CEU	76 Outperform	$2.08B	11.72	23.31%	1.65%	8.36%	2.09%
TOT	76 Outperform	C$521.72M	8.11	11.66%	2.78%	14.74%	62.76%
EFX	74 Outperform	C$2.13B	12.02	12.21%	0.86%	-0.41%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
STEP	63 Neutral	C$398.62M	-19.56	-5.02%	―	-6.25%	-129.86%
CFW	55 Neutral	C$273.99M	27.79	1.53%	―	-4.63%	-92.13%

Trican Well Service Corporate Events

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.

Trican Well Service Reports Strong Q2 Earnings

Trican Well Service’s recent earnings call conveyed a solid financial performance, marked by increased revenue and earnings, alongside a promising outlook driven by LNG Canada. Despite facing some cost pressures and market pricing challenges, the company remains optimistic about its future, bolstered by a strong market position and strategic acquisition of Iron Horse.

Trican Well Service Reports Q2 2025 Results and Strategic Acquisition

Trican Well Service Ltd. is a company based in Calgary, Alberta, specializing in providing oilfield services, particularly in hydraulic fracturing, cementing, and coiled tubing, primarily within the Western Canadian Sedimentary Basin.

Trican Well Service Reports Q2 Growth and Strategic Acquisition

Trican Well Service Ltd. reported a slight increase in its second-quarter results for 2025, with revenues reaching $213.8 million despite ongoing challenges in natural gas prices. The company announced a strategic acquisition of Iron Horse Coiled Tubing Inc., which is expected to enhance its service offerings in key Canadian regions. Additionally, Trican continues to execute its capital return strategy through share buybacks and dividends, reflecting its strong financial position.

The most recent analyst rating on (TSE:TCW) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Trican Well Service stock, see the TSE:TCW Stock Forecast page.