- Total Energy Services reported earnings per share (EPS) of C$0.38 for the third quarter, down from C$0.50 in the same period last year.
- The company’s revenue increased by 7.8% year-over-year, reaching C$260.7 million.
- EBITDA for the quarter was C$42.9 million, which represents a 15% decrease compared to the previous year.
- Contract drilling utilization stood at 25%, down from 29% in the previous year.
- Utilization for rentals and transportation remained unchanged at 19% year-over-year.
- Analyst ratings for the company include 1 buy, 0 holds, and 0 sells.
A look at Total Energy Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Total Energy Services is positioned for long-term success. With an impressive Value score of 5, the company is deemed to be attractively priced relative to its intrinsic value. This indicates a solid investment opportunity for those seeking undervalued assets. Additionally, Total Energy Services received a Growth score of 5, signaling strong potential for future expansion and revenue growth.
While the Dividend and Resilience scores stand at 3, indicating moderate performance in these areas, the company excels in Momentum with a score of 4. This suggests that Total Energy Services is experiencing positive price trends and investor sentiment, which could further enhance its market performance in the long run. Overall, Total Energy Services, with its comprehensive range of rental equipment and services tailored for the oil and gas industry in northwestern Alberta, Canada, presents a promising outlook for investors seeking sustainable returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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