- Trican Well Service reported an Earnings Per Share (EPS) of C$0.14, surpassing the estimate of C$0.11.
- The company’s revenue for the fourth quarter reached C$275.5 million, exceeding the estimated C$237 million.
- Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was reported at C$55.6 million, higher than the forecast of C$53.3 million.
- Trican pumped a total of 532 million tonnes of proppant during the quarter.
- The company’s hydraulic pumping capacity stood at 504 million Hydraulic Horse Power (HHP).
- Trican generated a free cash flow of C$33.9 million during the quarter.
- The total job count of the company was at 1,665 employees.
- Current analyst recommendations include 4 buy ratings and 4 hold ratings, with no sell ratings.
A look at Trican Well Service Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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 specializing in engineered solutions for oil and gas exploration, has received a positive outlook based on Smartkarma’s Smart Scores. With strong scores in Dividend and Growth, as well as moderate scores in Value, Resilience, and Momentum, Trican Well Service seems well-positioned for long-term success. The company’s focus on providing specialized services such as fracturing, coiled tubing, and cementing showcases its commitment to meeting the needs of customers in the industry.
Investors looking at Trican Well Service can take comfort in the company’s solid performance in key areas like Dividend and Growth. As a player in the pressure pumping sector, Trican’s strategic approach to serving oil and gas reserves through innovative solutions aligns well with its high scores in Growth and Resilience. While Value and Momentum scores are moderate, Trican Well Service‘s dedication to providing integrated services underscores its potential for sustained success in the market.
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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