15:14:07 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Trican Well Service Ltd
Symbol TCW
Shares Issued 209,132,720
Close 2024-01-11 C$ 4.06
Market Cap C$ 849,078,843
Recent Sedar Documents

Globe says Trican Well Service maintained at "buy"

2024-01-11 08:34 ET - In the News

The Globe and Mail reports in its Thursday, Jan. 11, edition that Stifel analyst Cole Pereira has reaffirmed his "buy" recommendation for Trican Well Service. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pereira gave his share target a 50-cent trim to $6. Analysts on average target the shares at $5.91. Mr. Pereira says in a note: "Trican Well remains a Stifel Select List name, and we view the company as poised to continue its outperformance given its clean balance sheet, top-quartile ROIC and EBITDAS-FCF conversion and its demonstrated commitment to return capital to shareholders. Moreover, the company's shares have pulled back 24 per cent in the past four months, with the stock now trading at 2.9 times 2025 estimated EV/EBITDAS." The Globe reported on Sept. 29 that TD Securities analyst Aaron MacNeil lowered his recommendation for Trican Well to "hold" from "buy." It was then worth $4.65. The Globe reported on Nov. 22 that National Bank analyst Dan Payne cut Trican to "sector perform" from "outperform." It was then worth $4.20. The Globe reported on Nov. 29 that Stifel analyst James Hodgins rated Trican "buy." The shares were then going for $4.08.

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