14:06:25 EST Fri 20 Feb 2026
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Trican Well Service Ltd
Symbol TCW
Shares Issued 210,477,044
Close 2026-02-19 C$ 6.96
Market Cap C$ 1,464,920,226
Recent Sedar+ Documents

Globe says Trican Well Service kept at "sector perform"

2026-02-20 09:39 ET - In the News

The Globe and Mail reports in its Friday, Feb. 20, edition that National Bank Financial analyst Dan Payne is keeping his "sector perform" call for Trican Well Service intact. The Glo be's David Leeder writes in the Eye On Equities column that Mr. Payne gave his share target a $1.50 boost to $8. Analysts on average target the shares at $7.26. Mr. Payne says in a note: "Looking ahead through the outlook, management remains optimistic in a market that should firm-up in H2/26, with continued trends toward higher intensity (previously referenced growth in sand pumped per annum in a flat frac environment) in support of structural long-term trends (LNG vs. minor customer/macro risks), and toward which it will be deploying new capacity ($122-million budget with 50-per-cent allocated to growth, including eighth high-graded spread to be deployed in Q3/Q4; uncontracted) in support of earnings momentum (normalized EBITDA growth of $20-million per spread, or 5-10-per-cent growth). That orientation, and its intact capital allocation priorities, should provide continued tailwinds to value." The Globe reported on July 4 that Mr. Payne had reaffirmed his "sector perform" call for Trican Well Service. It was then worth $5.38.

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