Trican Stock Today

Stocks Canada . 
Stock . Trican Well Service
TCW Stock  CAD 2.96  0.02  0.68%   

Market Performance

0 of 100

Odds Of Distress

Less than 3

Trican Well is selling at 2.96 as of the 26th of March 2023; that is 0.68% increase since the beginning of the trading day. The stock's open price was 2.94. Trican Well has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over 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 24th of February 2023 and ending today, the 26th of March 2023. Click here to learn more.
Fiscal Year End
December
Category
Energy
ISIN
CA8959451037
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 228.79 M outstanding shares of which 4.52 M shares are at this time shorted by private and institutional investors with about 4.18 days to cover all short positions. More on Trican Well Service

Moving together with Trican Well

+0.8CFWCalfrac Well ServicesPairCorr
+0.78PSIPason SystemsPairCorr

Moving against Trican Well

-0.54ATHAthabasca Oil CorpPairCorr
-0.5NOANorth American ConstPairCorr

Trican Well 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.
CEODale Dusterhoft
Fama & French Classification
Oil & Gas Equipment & Services
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Average Analyst Recommendation
Analysts covering Trican Well report their recommendations after researching Trican Well's financial statements, talking to executives and customers, or listening in on Trican Well's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Trican Well Service. The Trican consensus assessment is calculated by taking the average forecast from all of the analysts covering Trican Well.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Trican Well's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Trican Well Service (TCW) is traded on Toronto Exchange in Canada and employs 1,124 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 677.22 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 sector and is part of Oil & Gas Equipment & Services industry. The entity has 228.79 M outstanding shares of which 4.52 M shares are at this time shorted by private and institutional investors with about 4.18 days to cover all short positions. Trican Well Service has accumulated about 26.43 M in cash with 152.23 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
Trican Well maintains a total of 228.79 Million outstanding shares. 30% of Trican Well Service outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation

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 roughly 96.0%. 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 the stock has a beta coefficient of 1.1619. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Trican Well will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Trican Well Service is significantly underperforming NYSE Composite.
  Odds Below 2.96HorizonTargetOdds Above 2.96
3.62%90 days
 2.96 
96.34%
Based on a normal probability distribution, the odds of Trican Well to move above the current price in 90 days from now is roughly 96.0 (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 Historical Income Statement

Trican Well Service Income Statement is one of the three primary financial statements used for reporting Trican's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Trican Well Service revenue and expense. Trican Well Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Trican Well Direct Expenses is very stable at the moment as compared to the past year. Trican Well reported last year Direct Expenses of 715.95 Million. As of 26th of March 2023, Net Income is likely to grow to about 85.5 M, while Weighted Average Shares is likely to drop about 214.5 M. View More Fundamentals
Net Income  Revenues  

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.
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