Inside the Market’s roundup of some of today’s key analyst actions
National Bank Financial analyst Dan Payne believes the fourth-quarter 2022 results for major U.S. oilfield services providers havecontinued to reflect an expanding value proposition, where moderating rate of change & growth is yielding to an optimized and inclining return environment, in support of long-term fundamental value.”
“The cadence of activity growth should similarly moderate, but a rebased top line with disproportionate return potential resulting from the group’s operating leverage is not currently priced in to sector valuations, which remain at a material discount to historical,” Mr. Payne said.
Ahead of the release of its results on March 1, which will reflect its first reporting period since the close of its Exterran business combination, he’s projected top-line revenue and adjusted EBITDA of $500-million and $85-million, respectively, which are increases of 27 per cent and 62 per cent quarter-over-quarter but below the consensus estimates of $631-million and $99-million.
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