Is TRICAN WELL SERVICE’s recent stock uptick enough to appease institutional investors?

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TCW Stock Fair Value – Trican Well Service ($TSX:TCW) Ltd. is a Calgary, Alberta based company that provides oilfield services to exploration and production companies in North America, Europe, Latin America, the Middle East, Africa and Asia. The recent uptick in the company’s stock might appease some of the institutional owners who have lost 2.3% over the past year. Trican has also been active in acquiring other companies in order to expand its operations.

This acquisition will help Trican become a leading provider of pressure pumping services in North America. With the recent uptick in the stock price and the strong fourth quarter results, it seems that institutional investors are happy with the company’s performance.

Price History

On Monday, TRICAN WELL SERVICE stock opened at CA$3.4 and closed at CA$3.4, down by 1.2% from the previous closing price. While this dip may not be significant, it’s worth noting that institutional investors tend to be more risk-averse than individual investors.

VI Analysis – TCW Stock Fair Value Calculator

Trican Well Service Ltd. is a Canadian oilfield services company that provides pressure pumping, fracturing, coiled tubing, and other services to the oil and gas industry. The company has a market capitalization of CA$2.8 billion and is headquartered in Calgary, Alberta. Trican’s share price is currently trading at CA$3.4, which is 20% above its intrinsic value of CA$2.8, as calculated by the Value Investing App . This indicates that the stock is currently overvalued. Fundamentally, Trican’s long-term prospects remain strong, as reflected in its strong financials. Overall, Trican is a strong company with a solid long-term outlook.

However, at its current price, the stock is overvalued and may not be an attractive investment option at this time.

VI Peers

In the oil and gas industry, Trican Well Service Ltd competes with Essential Energy Services Ltd, Nine Energy Service Inc, and Zhejiang Renzhi Co Ltd. All four companies provide services that are essential to the industry, including drilling, completion, and production services. While all four companies are similar in many ways, they each have their own unique strengths and weaknesses that give them a competitive advantage or disadvantage in the market.

– Essential Energy Services Ltd ($TSX:ESN)

Essential Energy Services Ltd is a Canadian oilfield services company that provides a range of services to the oil and gas industry, including drilling, completions, and production services. The company has a market cap of 49.43M as of 2022 and a Return on Equity of -4.38%. The company’s products and services are used in the exploration, development, and production of oil and natural gas. Essential Energy Services Ltd operates in Canada, the United States, and Australia.

– Nine Energy Service Inc ($NYSE:NINE)

Nine Energy Service Inc is a publicly traded oilfield services company headquartered in Houston, Texas. The company provides completion, production, and intervention services to the upstream oil and gas industry with a focus on North America shale plays. Its services include hydraulic fracturing, coiled tubing, cased hole wireline, and other well completion and intervention services.

The company has a market cap of 141.43M as of 2022. Its return on equity (ROE) is 10.99%.

Nine Energy Service Inc is a leading provider of completion, production, and intervention services to the upstream oil and gas industry with a focus on North America shale plays. The company’s services include hydraulic fracturing, coiled tubing, cased hole wireline, and other well completion and intervention services.

Nine Energy Service Inc has a market cap of 141.43M as of 2022, a Return on Equity of 10.99%.

– Zhejiang Renzhi Co Ltd ($SZSE:002629)

Zhejiang Renzhi Co Ltd is a Chinese company that manufactures and sells building materials. The company has a market cap of 1.79B as of 2022 and a return on equity of -551.14%. The company’s products include cement, concrete, bricks, and tiles.

Summary

Investors may be interested in TRICAN WELL SERVICE for a number of reasons. The company is a leading provider of oilfield services, specializing in pressure pumping, coiled tubing, fracturing, and other services. It has a strong presence in North America and a growing international business. TRICAN has a history of strong financial performance, with strong revenue and earnings growth in recent years.

Institutional investors may be attracted to TRICAN’s growth prospects and history of financial performance. The company’s strong presence in North America and growing international business could provide significant growth opportunities. TRICAN’s experienced management team has a proven track record of executing on growth initiatives. Trican Well Service is a publicly traded company listed on the Toronto Stock Exchange.