Trican Well Service (TSE:TCW) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Posted by Stanley Muller on Oct 29th, 2026

Trican Well Service (TSE:TCW – Get Free Report) had its target price raised by research analysts at Raymond James Financial from C$6.75 to C$7.25 in a report issued on Thursday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial‘s price objective suggests a potential upside of 2.98% from the stock’s previous close.

Several other research analysts have also weighed in on TCW. TD Securities raised Trican Well Service from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. ATB Cormack increased their price objective on Trican Well Service from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$8.29.

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Trican Well Service Stock Up 1.0%

TSE:TCW traded up C$0.07 on Thursday, hitting C$7.04. 817,289 shares of the company’s stock were exchanged, compared to its average volume of 717,844. The firm has a 50-day moving average price of C$6.32 and a 200-day moving average price of C$6.77. Trican Well Service has a 52 week low of C$5.19 and a 52 week high of C$8.40. 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 company has a market cap of C$1.47 billion, a P/E ratio of 16.37, 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 data on Tuesday, October 27th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$338.30 million during the quarter. Trican Well Service had a return on equity of 12.81% and a net margin of 7.60%.

Insider Activity

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

About Trican Well Service

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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.