공시 • Sep 17
Element Technical Services Inc. entered into an agreement to acquire Essential Energy Services Ltd. (TSX:ESN) for CAD 60.5 million. Element Technical Services Inc. entered into an agreement to acquire Essential Energy Services Ltd. (TSX:ESN) for CAD 60.5 million on September 15, 2023. As part of consideration, Element Technical will pay CAD 0.40 in cash for each Essential Energy Services share. Upon closing of the transaction, Essential shares will be de-listed from the TSX. The transaction is subject to approval of Essential shareholders and the approval of the TSX and certain regulatory and other approvals customary in transactions of this nature. Essential's board of directors has unanimously approved the transaction and recommended that Essential shareholders vote in favor of the merger.
Fasken Martineau DuMoulin acted as legal advisor and Peters & Co. Limited acted as financial and fairness opinion provider to Essential Energy Services. Reported Earnings • Aug 04
Second quarter 2023 earnings released: CA$0.04 loss per share (vs CA$0.011 loss in 2Q 2022) Second quarter 2023 results: CA$0.04 loss per share (further deteriorated from CA$0.011 loss in 2Q 2022). Revenue: CA$28.6m (flat on 2Q 2022). Net loss: CA$4.83m (loss widened 206% from 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 5.5% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. 공시 • Jul 22
Essential Energy Services Ltd. to Report Q2, 2023 Results on Aug 03, 2023 Essential Energy Services Ltd. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.02 (vs CA$0.028 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.02 (up from CA$0.028 loss in 1Q 2022). Revenue: CA$45.9m (up 22% from 1Q 2022). Net income: CA$2.04m (up CA$5.96m from 1Q 2022). Profit margin: 4.4% (up from net loss in 1Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.0% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 07
Price target decreased by 17% to CA$0.48 Down from CA$0.57, the current price target is provided by 1 analyst. New target price is 23% above last closing price of CA$0.39. Stock is down 25% over the past year. The company posted a net loss per share of CA$0.013 last year. Reported Earnings • Mar 05
Full year 2022 earnings released: CA$0.01 loss per share (vs CA$0.08 loss in FY 2021) Full year 2022 results: CA$0.01 loss per share (improved from CA$0.08 loss in FY 2021). Revenue: CA$150.1m (up 24% from FY 2021). Net loss: CA$1.76m (loss narrowed 85% from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. 공시 • Feb 18
Essential Energy Services Ltd., Annual General Meeting, May 09, 2023 Essential Energy Services Ltd., Annual General Meeting, May 09, 2023. 공시 • Feb 08
Essential Energy Services Ltd. to Report Q4, 2022 Results on Mar 03, 2023 Essential Energy Services Ltd. announced that they will report Q4, 2022 results on Mar 03, 2023 공시 • Nov 16
Essential Energy Services Ltd. Announces Board Changes Essential Energy Services Ltd. announced the appointment of Ms. Sophia Langlois to the Company’s Board of Directors effective immediately. Ms. Langlois was a partner at KPMG LLP from 2006 to 2020. She currently sits on the board of directors of Loop Energy Inc. and Alaris Equity Partners Income Trust and has served on a number of not-for-profit boards. Ms. Langlois holds the Chartered Professional Accountant (CPA, CA) designation and the ICD.D designation from the Institute of Corporate Directors. Ms. Langlois will also serve as Chair of the Audit Committee and as a member of the Compensation & Governance Committee. In conjunction with Ms. Langlois joining the Board, Mr. Nick Kirton will resign from the Board effective December 14, 2022. Price Target Changed • Nov 16
Price target increased to CA$0.63 Up from CA$0.57, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CA$0.40. Stock is down 4.8% over the past year. The company posted a net loss per share of CA$0.08 last year. Price Target Changed • Nov 09
Price target increased to CA$0.63 Up from CA$0.57, the current price target is an average from 2 analysts. New target price is 60% above last closing price of CA$0.39. Stock is down 3.7% over the past year. The company posted a net loss per share of CA$0.08 last year. Price Target Changed • Nov 06
Price target increased to CA$0.65 Up from CA$0.60, the current price target is an average from 2 analysts. New target price is 57% above last closing price of CA$0.41. Stock is down 2.4% over the past year. The company posted a net loss per share of CA$0.08 last year. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.005 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.04 (up from CA$0.005 in 3Q 2021). Revenue: CA$43.4m (up 29% from 3Q 2021). Net income: CA$5.23m (up CA$4.54m from 3Q 2021). Profit margin: 12% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. 공시 • Oct 20
Essential Energy Services Ltd. to Report Q3, 2022 Results on Nov 02, 2022 Essential Energy Services Ltd. announced that they will report Q3, 2022 results on Nov 02, 2022 Recent Insider Transactions • Aug 21
Independent Chairman recently bought CA$110k worth of stock On the 16th of August, James Banister bought around 306k shares on-market at roughly CA$0.36 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: CA$0.011 loss per share (vs CA$0.035 loss in 2Q 2021) Second quarter 2022 results: CA$0.011 loss per share (up from CA$0.035 loss in 2Q 2021). Revenue: CA$28.6m (up 28% from 2Q 2021). Net loss: CA$1.58m (loss narrowed 69% from 2Q 2021). Over the next year, revenue is forecast to grow 25%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 공시 • Jul 21
Essential Energy Services Ltd. to Report Q2, 2022 Results on Aug 03, 2022 Essential Energy Services Ltd. announced that they will report Q2, 2022 results on Aug 03, 2022 Reported Earnings • May 13
First quarter 2022 earnings released: CA$0.03 loss per share (vs CA$0.018 loss in 1Q 2021) First quarter 2022 results: CA$0.03 loss per share (down from CA$0.018 loss in 1Q 2021). Revenue: CA$37.7m (up 25% from 1Q 2021). Net loss: CA$3.92m (loss widened 51% from 1Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 14% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: CA$0.08 loss per share (up from CA$0.12 loss in FY 2020). Revenue: CA$121.2m (up 26% from FY 2020). Net loss: CA$11.4m (loss narrowed 32% from FY 2020). Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 23%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 공시 • Feb 12
Essential Energy Services Ltd. to Report Q4, 2021 Results on Mar 09, 2022 Essential Energy Services Ltd. announced that they will report Q4, 2021 results on Mar 09, 2022 Board Change • Dec 31
High number of new directors Director Felicia Bortolussi was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS CA$0.005 (vs CA$0.011 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$33.5m (up 74% from 3Q 2020). Net income: CA$684.0k (up CA$2.21m from 3Q 2020). Profit margin: 2.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: CA$0.04 loss per share (vs CA$0.043 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$22.4m (up 105% from 2Q 2020). Net loss: CA$5.02m (loss narrowed 17% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 07
Price target increased to CA$0.50 Up from CA$0.45, the current price target is an average from 2 analysts. New target price is 43% above last closing price of CA$0.35. Stock is up 159% over the past year. Reported Earnings • May 06
First quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.035 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$30.2m (down 27% from 1Q 2020). Net loss: CA$2.59m (loss narrowed 48% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 09
New 90-day high: CA$0.36 The company is up 74% from its price of CA$0.21 on 08 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$0.66 per share. Reported Earnings • Mar 07
Full year 2020 earnings released: CA$0.12 loss per share (vs CA$0.011 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$96.2m (down 32% from FY 2019). Net loss: CA$16.8m (loss widened CA$15.3m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 27%, compared to a 4.8% growth forecast for the Energy Services industry in Canada. 공시 • Mar 03
Essential Energy Services Ltd., Annual General Meeting, May 17, 2021 Essential Energy Services Ltd., Annual General Meeting, May 17, 2021. 공시 • Mar 02
Essential Energy Services Ltd. to Report Q4, 2020 Results on Mar 03, 2021 Essential Energy Services Ltd. announced that they will report Q4, 2020 results on Mar 03, 2021 공시 • Jan 28
Essential Energy Services Ltd. Announces the Resignation of Steven Sharpe from Board of Directors Essential Energy Services Ltd. announced that Mr. Steven Sharpe has resigned from its Board of Directors. Is New 90 Day High Low • Jan 13
New 90-day high: CA$0.26 The company is up 86% from its price of CA$0.14 on 14 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 50% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: CA$0.23 The company is up 41% from its price of CA$0.16 on 10 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Nov 25
New 90-day high: CA$0.21 The company is up 30% from its price of CA$0.17 on 26 August 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 14% decline forecast for the Energy Services industry in Canada. Reported Earnings • Nov 11
Third quarter 2020 earnings released: CA$0.01 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$19.2m (down 51% from 3Q 2019). Net loss: CA$1.53m (down 198% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. 공시 • Nov 07
Essential Energy Services Ltd. to Report Q3, 2020 Results on Nov 09, 2020 Essential Energy Services Ltd. announced that they will report Q3, 2020 results at 10:15 PM, GMT Standard Time on Nov 09, 2020 Price Target Changed • Oct 16
Price target lowered to CA$0.22 Down from CA$0.25, the current price target is an average from 3 analysts. The new target price is 55% above the current share price of CA$0.14. As of last close, the stock is down 51% over the past year. 공시 • Aug 09
Essential Energy Services Ltd. to Report Q2, 2020 Results on Aug 10, 2020 Essential Energy Services Ltd. announced that they will report Q2, 2020 results at 10:15 PM, GMT Standard Time on Aug 10, 2020