ShaMaran Petroleum (CVE:SNM) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$22.6m (up 246% from 2Q 2023).
- Net loss: US$509.0k (loss narrowed by 98% from 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ShaMaran Petroleum Earnings Insights
Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 6.7% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on ShaMaran Petroleum's balance sheet.
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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 TSXV:SNM
ShaMaran Petroleum
Engages in the oil and gas exploration and production.
Exceptional growth potential and good value.
