Related posts
Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)U.S. stocks climb on Fed minutes, TSX weakens on oilMarkets decline after winning streakThis summary was created by AI, based on 6 opinions in the last 12 months.
Trican Well Service Ltd. (TCW-T) is receiving positive reviews from experts, with a strong outlook for well servicing and potential for productivity improvement through re-fracking. The company has a clean balance sheet, strong cash balance, and is well-positioned to benefit from the current energy market strength. With a low debt profile and growing margins, TCW-T shows promise for long-term investors. The stock is seen as having a nice yield and the ability to grow cash, with the potential for rig pickup and a solid execution in a cyclical industry.
Cheap at 8x earnings, 3.3% dividend yield. Clean balance sheet. Has done well in the last year. Even if activity remains flat, probably going higher because of the price of oil.
Good for long term investors at 5-10 years.
Energy services a volatile sector.
Is good for risk adverse investors.
Cash balance very strong.
Demand for drilling is high given strength in energy prices.
TCW has an impressive shareholder yield, with a dividend yield of 1.7%, a buyback yield of 10.8%, and a debt paydown yield of 3.4%. The company is a $971M company with a forward earnings multiple of 8.1X, a low debt profile, growing margins, and great free cash flows, but it does operate in a cyclical industry. Although the company's balance sheet has shrunk since 2018, its share count has also diminished significantly since that timeframe. If an investor has an optimistic outlook on the price of oil and the energy market, we would feel comfortable with the solid execution and fundamentals of this company.
Unlock Premium - Try 5i Free
It provides energy services in Alberta as well as some in the U.S. He doesn't own energy services or exploration companies. Sticks to pipelines.This type of company does well when the sector does well.
His theme today is leverage, nice yield, and ability to grow cash. No debt. Trades at 2.5x EBITDA multiple, down from its historic 5x. Services are picking up. Advantaged on the gas side, purest publicly listed frack play in Canada. First Nations issues resolved. LNG Canada could mean a 10% rig pickup. Ultra-clean balance sheet. Nice yield of 1.25%.
(Analysts’ price target is $5.53)Likes service side of the business in energy. Producers not drilling as much as in prior energy booms. Expecting increased drilling/service demand for the long term.
Trican Well Service Ltd. is a Canadian stock, trading under the symbol TCW-T on the Toronto Stock Exchange (TCW-CT). It is usually referred to as TSX:TCW or TCW-T
In the last year, 4 stock analysts published opinions about TCW-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Trican Well Service Ltd..
Trican Well Service Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Trican Well Service Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Trican Well Service Ltd. In the last year. It is a trending stock that is worth watching.
On 2024-03-27, Trican Well Service Ltd. (TCW-T) stock closed at a price of $4.15.
Outlook quite strong in terms of well servicing, you can go back in and re-frack to improve productivity. Nice, strong upward bias to fracking services and intensity of services. Nice yield.