- Trican Well Service reported a better-than-expected earnings per share (EPS) of C$0.11, beating the estimate of C$0.09.
- The company’s revenue for the second quarter was C$213.8 million, slightly above the expected C$211.2 million.
- Adjusted EBITDA was reported at C$44.9 million, surpassing the estimate of C$40.5 million.
- The volume of proppant pumped was 423 million tonnes.
- Trican’s hydraulic pumping capacity stands at 502 million hydraulic horsepower (HHP).
- The free cash flow was C$24.4 million, which did not meet the estimated C$49.5 million.
- The company completed 1,536 jobs during the quarter.
- Current analyst recommendations include 5 buys and 3 holds, with no sell recommendations.
A look at Trican Well Service Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Trican Well Service Ltd., a pressure pumping company that offers specialized solutions for the oil and gas industry, has been rated using Smartkarma Smart Scores. With a strong growth score of 5, Trican shows potential for long-term expansion and development in the industry. Its momentum score of 4 suggests that the company is performing well in the short term, showcasing positive movement in its operations. Additionally, Trican received a resilience score of 4, indicating its ability to withstand challenges and adapt to market fluctuations.
While Trican’s value and dividend scores both stand at 3, indicating average performance in these areas, the overall outlook for the company appears promising based on its high growth and resilience scores. Investors looking for a company with growth potential and a strong ability to navigate market changes may find Trican Well Service an attractive long-term investment option in the oil and gas sector.
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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