Trican Well Service Stock Analysis

Trican Stock Analysis Notes

About 32.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.91. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Trican Well Service has Price/Earnings To Growth (PEG) ratio of 0.87. The entity last dividend was issued on the 13th of December 2024. The firm had 2:1 split on the 23rd of May 2006. 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. was founded in 1979 and is headquartered in Calgary, Canada. TRICAN WELL operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1447 people. To find out more about Trican Well Service contact Dale Dusterhoft at 403 266 0202 or learn more at https://tricanwellservice.com.

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Trican Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 957.92 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 Profitablity

The company has Profit Margin (PM) of 0.12 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.14 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.14.

Management Efficiency

Trican Well Service has return on total asset (ROA) of 0.1388 % which means that it generated a profit of $0.1388 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2229 %, meaning that it generated $0.2229 on every $100 dollars invested by stockholders. Trican Well's management efficiency ratios could be used to measure how well Trican Well manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Trican Well's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0.18, while Return On Capital Employed is likely to drop 0.14. At this time, Trican Well's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Non Current Assets Total is likely to grow to about 659.1 M, while Other Current Assets are likely to drop about 5.9 M.

Technical Drivers

As of the 22nd of November, Trican Well has the Coefficient Of Variation of 5691.78, semi deviation of 1.98, and Risk Adjusted Performance of 0.0197. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Trican Well Service, as well as the relationship between them.

Trican Well Service Price Movement Analysis

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Trican Well Forecast Models

Trican Well's time-series forecasting models are one of many Trican Well's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Trican Well's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Trican Well prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Trican shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Trican Well. By using and applying Trican Stock analysis, traders can create a robust methodology for identifying Trican entry and exit points for their positions.

Trican Well financial ratios help investors to determine whether Trican Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Trican with respect to the benefits of owning Trican Well security.