Trican Well Service Stock Today

TCW Stock  CAD 4.97  0.02  0.40%   

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Trican Well is selling at 4.97 as of the 24th of November 2024; that is 0.4% down since the beginning of the trading day. The stock's open price was 4.99. 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 26th of August 2024 and ending today, the 24th of November 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 191.97 M outstanding shares of which 4.24 M shares are at this time shorted by private and institutional investors with about 7.24 days to cover all short positions. More on Trican Well Service

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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.
CEODale Dusterhoft
Business ConcentrationOil & 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.
Debt Levels
Trican Well can leverage 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.
Liquidity
Trican Well cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Trican Well Service has accumulated 18.14 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. Trican Well Service has a current ratio of 3.17, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Trican Well until it has trouble settling it off, either with new capital or with free cash flow. So, Trican Well's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Trican Well Service sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Trican to invest in growth at high rates of return. When we think about Trican Well's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

108.28 Million
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 954.08 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 191.97 M outstanding shares of which 4.24 M shares are at this time shorted by private and institutional investors with about 7.24 days to cover all short positions. Trican Well Service has accumulated about 26.43 M in cash with 248.46 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 Allocation
Trican Well Service shows a total of 191.97 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 regulations 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 is about to change. 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.
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Trican Well Service Risk Profiles

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.

Trican Stock Against Markets

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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 McCrumVice ResourcesProfile
G BrooksLead Independent DirectorProfile
Todd CETChief OfficerProfile

Other Information on Investing in Trican Stock

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.