Trican Well Service Stock Today
| TCW Stock | CAD 4.22 0.13 3.18% |
Performance1 of 100
| Odds Of DistressLess than 1
|
Trican Well is selling at 4.22 as of the 9th of May 2024; that is 3.18 percent increase since the beginning of the trading day. The stock's open price was 4.09. Trican Well has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Trican Well Service are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2024 and ending today, the 9th of May 2024. Click here to learn more.
Business Domain Energy |
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 primarily in Canada. Trican Well Service Ltd. The company has 205.36 M outstanding shares of which 1.61 M shares are at this time shorted by private and institutional investors with about 1.91 days to cover all short positions. More on Trican Well Service
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Trican Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Trican Well's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Trican Well or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Dale Dusterhoft | ||||
| Business Concentration | Oil & Gas Equipment & Services, Energy, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) | ||||
Trican Well's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Trican Well's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Trican Well's financial leverage. It provides some insight into what part of Trican Well's total assets is financed by creditors.
| |||||
Trican Well Service (TCW) is traded on Toronto Exchange in Canada and employs 1,195 people. Trican Well is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 837.88 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Trican Well's market, we take the total number of its shares issued and multiply it by Trican Well's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Trican Well Service operates under Energy Equipment & Services sector and is part of Energy industry. The entity has 205.36 M outstanding shares of which 1.61 M shares are at this time shorted by private and institutional investors with about 1.91 days to cover all short positions.
Trican Well Service has accumulated about 26.43 M in cash with 234.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Check Trican Well Probability Of Bankruptcy
Ownership AllocationTrican Well Service shows a total of 205.36 Million outstanding shares. About 77.0 % of Trican Well outstanding shares are held by general public with 0.56 (%) owned by insiders and only 22.22 % by institutional holders. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Trican Ownership Details
Trican Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Trican Well jumping above the current price in 90 days from now is about 36.05%. The Trican Well Service probability density function shows the probability of Trican Well stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Trican Well Service has a beta of -0.4685. This usually implies as returns on the benchmark increase, returns on holding Trican Well are expected to decrease at a much lower rate. During a bear market, however, Trican Well Service is likely to outperform the market. Additionally, trican Well Service has an alpha of 0.0659, implying that it can generate a 0.0659 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Trican Well to move above the current price in 90 days from now is about 36.05 (This Trican Well Service probability density function shows the probability of Trican Stock to fall within a particular range of prices over 90 days) .
Trican Well Service Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Trican Well market risk premium is the additional return an investor will receive from holding Trican Well long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Trican Well. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Trican Well's alpha and beta are two of the key measurements used to evaluate Trican Well's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.4 | |||
| Semi Deviation | 1.53 | |||
| Standard Deviation | 1.87 | |||
| Variance | 3.49 |
Trican Stock Against Markets
Picking the right benchmark for Trican Well stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Trican Well stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Trican Well is critical whether you are bullish or bearish towards Trican Well Service at a given time. Please also check how Trican Well's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Trican Well without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Premium Stories Now
Premium StoriesFollow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
| All Next | Launch Module |
Trican Well Corporate Management
Elected by the shareholders, the Trican Well's board of directors comprises two types of representatives: Trican Well inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trican. The board's role is to monitor Trican Well's management team and ensure that shareholders' interests are well served. Trican Well's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trican Well's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kathleen McCrum | Vice Resources | Profile | |
| G Brooks | Lead Independent Director | Profile | |
| Todd CET | Chief Officer | Profile |
How to buy Trican Stock?
Before investing in Trican Well, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Trican Well. To buy Trican Well stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Trican Well. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Trican Well stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Trican Well Service stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Trican Well Service stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Trican Well Service, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Trican Well Service?
The danger of trading Trican Well Service is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Trican Well is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Trican Well. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Trican Well Service is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trican Well Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Trican Stock analysis
When running Trican Well's price analysis, check to measure Trican Well's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trican Well is operating at the current time. Most of Trican Well's value examination focuses on studying past and present price action to predict the probability of Trican Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trican Well's price. Additionally, you may evaluate how the addition of Trican Well to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |