- Canada
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- Oil and Gas
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- TSXV:LOU
Lucero Energy Second Quarter 2024 Earnings: EPS: CA$0.01 (vs CA$0.016 in 2Q 2023)
Lucero Energy (CVE:LOU) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$38.3m (down 22% from 2Q 2023).
- Net income: CA$9.31m (down 12% from 2Q 2023).
- Profit margin: 24% (up from 22% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: CA$0.01 (down from CA$0.016 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lucero Energy Earnings Insights
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 3.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Lucero Energy's balance sheet and an in-depth analysis of the company's financial position.
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About TSXV:LOU
Lucero Energy
An independent oil company, engages in the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota.
Flawless balance sheet and undervalued.