Saturn Oil & Gas (TSE:SOIL) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$295.5m (up 65% from 3Q 2023).
- Net income: CA$101.6m (up from CA$111.2m loss in 3Q 2023).
- Profit margin: 34% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.
- EPS: CA$0.50 (up from CA$0.80 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saturn Oil & Gas Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Saturn Oil & Gas (1 doesn't sit too well with us) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:SOIL
Saturn Oil & Gas
Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.
Undervalued with proven track record.
