Trican Well Service Ltd. (TSE:TCW) Stock Has Average Price Target of C$7.71 According to Analysts

Posted by Brenda Bartman on Oct 29th, 2026

Trican Well Service Ltd. (TSE:TCW – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$8.21.

A number of brokerages have commented on TCW. ATB Cormack boosted their price objective on Trican Well Service from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James Financial dropped their price objective on shares of Trican Well Service from C$7.50 to C$6.75 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. Finally, TD Securities raised shares of Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th.

View Our Latest Research Report on Trican Well Service

Key Headlines Impacting Trican Well Service

Here are the key news stories impacting Trican Well Service this week:

Positive Sentiment: Q3 profit growth and dividend: Trican reported third-quarter earnings of C$0.23 per share on C$338.30 million in revenue, with a 7.60% net margin and 12.81% return on equity. The company also declared a quarterly dividend of C$0.055, adding to shareholder returns. Trican Well Service Q3 Profit Rises; Declares Quarterly Dividend Trican Reports Third Quarter Results for 2026
Positive Sentiment: Higher analyst price target: ATB Cormack raised its target for TCW from C$8.00 to C$8.50 and reaffirmed an “outperform” rating. The revised target represents approximately 19% potential upside based on the cited share price, signaling confidence in Trican’s earnings outlook.
Positive Sentiment: Bullish valuation view: One analysis argues that Trican could be trading substantially below fair value, citing the company’s Q3 earnings turnaround as a potential catalyst for further appreciation. Trican Well Service Could Be Below Fair Value
Positive Sentiment: Technical momentum improved: TCW moved above its 200-day moving average, a development that may attract momentum-oriented investors and reinforce the improving market trend. Trican Share Price Crosses Above 200-Day Moving Average
Neutral Sentiment: Results remain cyclical: The earnings releases confirm the latest quarter’s performance, but investors will continue to monitor oilfield-services demand, customer spending and commodity prices for evidence that the improvement can persist. Trican Well Service Third-Quarter Earnings Results

Insider Activity

In other Trican Well Service news, Director Stuart O’connor acquired 20,000 shares of the stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of C$6.05 per share, for a total transaction of C$121,000.00. Following the purchase, the director directly owned 26,250 shares in the company, valued at C$158,812.50. This trade represents a 320.00% increase in their ownership of the stock. Also, Director Thomas Malcolm Alford acquired 5,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of C$5.88 per share, for a total transaction of C$29,400.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at C$294,000. The trade was a 11.11% increase in their ownership of the stock. In the last quarter, insiders purchased 26,000 shares of company stock worth $156,220. Insiders own 0.62% of the company’s stock.

Trican Well Service Stock Up 0.7%

TCW opened at C$6.97 on Thursday. Trican Well Service has a 12 month low of C$5.19 and a 12 month high of C$8.40. The business has a 50-day moving average of C$6.32 and a two-hundred day moving average of C$6.77. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.77 and a quick ratio of 1.75. The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.22 and a beta of -0.29.

Trican Well Service (TSE:TCW – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported C$0.23 EPS for the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%. The company had revenue of C$338.30 million during the quarter.

Trican Well Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were given a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Trican Well Service’s dividend payout ratio is presently 51.16%.

Trican Well Service Company Profile

(Get Free Report)

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.