In This Article:
Tamarack Valley Energy (TSE:TVE) Third Quarter 2024 Results
Key Financial Results
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Revenue: CA$374.9m (down 11% from 3Q 2023).
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Net income: CA$93.7m (up by CA$85.1m from 3Q 2023).
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Profit margin: 25% (up from 2.0% in 3Q 2023).
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EPS: CA$0.17 (up from CA$0.016 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tamarack Valley Energy Earnings Insights
Looking ahead, revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 1.8%.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 6.5% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Tamarack Valley Energy (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.
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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.