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Ensign Energy Services

TSX:ESI
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ESI
TSX
CA$901M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. The last earnings update was 5 days ago. More info.


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ESI Share Price and Events
7 Day Returns
10.9%
TSX:ESI
0.1%
CA Energy Services
-0.2%
CA Market
1 Year Returns
-11.1%
TSX:ESI
-28.8%
CA Energy Services
-1.9%
CA Market
ESI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ensign Energy Services (ESI) 10.9% -3.6% 5.8% -11.1% -20.6% -64.8%
CA Energy Services 0.1% -7.7% -4.8% -28.8% -12.6% -67.5%
CA Market -0.2% -1.6% 2.1% -1.9% 13.3% 4.3%
1 Year Return vs Industry and Market
  • ESI outperformed the Energy Services industry which returned -28.8% over the past year.
  • ESI underperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
ESI
Industry
5yr Volatility vs Market

ESI Value

 Is Ensign Energy Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ensign Energy Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ensign Energy Services.

TSX:ESI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:ESI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 26.5%) (203.43%))
2.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for TSX:ESI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ensign Energy Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:ESI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 208.00 Analyst x2 182.67
2020 182.15 Analyst x4 140.49
2021 166.35 Est @ -8.67% 112.68
2022 157.23 Est @ -5.49% 93.53
2023 152.11 Est @ -3.26% 79.46
2024 149.53 Est @ -1.7% 68.60
2025 148.62 Est @ -0.6% 59.88
2026 148.87 Est @ 0.16% 52.68
2027 149.90 Est @ 0.7% 46.58
2028 151.51 Est @ 1.07% 41.35
Present value of next 10 years cash flows CA$877.91
TSX:ESI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$151.51 × (1 + 1.95%) ÷ (13.87% – 1.95%)
CA$1,295.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,295.82 ÷ (1 + 13.87%)10
CA$353.64
TSX:ESI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$877.91 + CA$353.64
CA$1,231.56
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,231.56 / 158.40
CA$7.78
TSX:ESI Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$7.78
Current discount Discount to share price of CA$5.69
= -1 x (CA$5.69 - CA$7.78) / CA$7.78
26.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ensign Energy Services is available for.
Intrinsic value
27%
Share price is CA$5.69 vs Future cash flow value of CA$7.78
Current Discount Checks
For Ensign Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ensign Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ensign Energy Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ensign Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ensign Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ESI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.40
TSX:ESI Share Price ** TSX (2019-05-17) in CAD CA$5.69
Canada Energy Services Industry PE Ratio Median Figure of 17 Publicly-Listed Energy Services Companies 22.04x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ensign Energy Services.

TSX:ESI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ESI Share Price ÷ EPS (both in CAD)

= 5.69 ÷ 0.40

14.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ensign Energy Services is good value based on earnings compared to the CA Energy Services industry average.
  • Ensign Energy Services is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Ensign Energy Services's expected growth come at a high price?
Raw Data
TSX:ESI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-89.1%per year
Canada Energy Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Energy Services Companies 1.13x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

TSX:ESI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.25x ÷ -89.1%

-0.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ensign Energy Services earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ensign Energy Services's assets?
Raw Data
TSX:ESI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$10.68
TSX:ESI Share Price * TSX (2019-05-17) in CAD CA$5.69
Canada Energy Services Industry PB Ratio Median Figure of 42 Publicly-Listed Energy Services Companies 1.05x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.41x
TSX:ESI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ESI Share Price ÷ Book Value per Share (both in CAD)

= 5.69 ÷ 10.68

0.53x

* Primary Listing of Ensign Energy Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ensign Energy Services is good value based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess Ensign Energy Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Ensign Energy Services has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ESI Future Performance

 How is Ensign Energy Services expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-89.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ensign Energy Services expected to grow at an attractive rate?
  • Ensign Energy Services's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Ensign Energy Services's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Ensign Energy Services's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:ESI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ESI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -89.1%
TSX:ESI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 14.4%
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 40.8%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ESI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ESI Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,932 341 -86 7
2019-12-31 1,757 298 -57 7
TSX:ESI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,343 184 63
2018-12-31 1,156 152 58
2018-09-30 1,080 129 -50
2018-06-30 1,039 110 -53
2018-03-31 1,008 136 -51
2017-12-31 1,001 135 -38
2017-09-30 965 105 -146
2017-06-30 909 98 -143
2017-03-31 853 120 -149
2016-12-31 860 165 -151
2016-09-30 910 231 -130
2016-06-30 1,042 268 -173

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ensign Energy Services's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Ensign Energy Services's revenue is expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ESI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Ensign Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ESI Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.56 -0.04 -1.25 5.00
2019-12-31 -0.36 -0.04 -0.64 4.00
TSX:ESI Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.40
2018-12-31 0.37
2018-09-30 -0.32
2018-06-30 -0.34
2018-03-31 -0.32
2017-12-31 -0.24
2017-09-30 -0.94
2017-06-30 -0.93
2017-03-31 -0.97
2016-12-31 -0.99
2016-09-30 -0.85
2016-06-30 -1.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ensign Energy Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ensign Energy Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ensign Energy Services has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ESI Past Performance

  How has Ensign Energy Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ensign Energy Services's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ensign Energy Services's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Ensign Energy Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Ensign Energy Services has become profitable in the last year making it difficult to compare the CA Energy Services industry average.
Earnings and Revenue History
Ensign Energy Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ensign Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ESI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,343.16 62.64 50.67
2018-12-31 1,156.36 58.30 45.64
2018-09-30 1,080.23 -49.68 44.22
2018-06-30 1,038.66 -53.42 44.11
2018-03-31 1,007.83 -50.53 40.94
2017-12-31 1,000.65 -37.64 39.82
2017-09-30 964.64 -146.04 47.64
2017-06-30 908.83 -143.24 50.61
2017-03-31 852.52 -149.40 56.10
2016-12-31 859.70 -150.52 62.79
2016-09-30 909.59 -129.79 62.12
2016-06-30 1,042.28 -173.33 60.33
2016-03-31 1,200.15 -134.39 68.79
2015-12-31 1,390.98 -104.05 74.90
2015-09-30 1,709.78 -93.91 78.96
2015-06-30 1,969.08 9.86 85.06
2015-03-31 2,146.86 26.14 85.40
2014-12-31 2,321.77 71.12 84.28
2014-09-30 2,255.12 129.05 83.28
2014-06-30 2,214.77 136.25 90.74
2014-03-31 2,141.06 124.29 85.41
2013-12-31 2,098.01 128.87 90.18
2013-09-30 2,092.07 150.46 91.29
2013-06-30 2,074.79 161.59 88.51
2013-03-31 2,100.79 176.99 86.91
2012-12-31 2,197.32 217.52 77.44
2012-09-30 2,245.18 221.67 85.16
2012-06-30 2,195.27 240.83 65.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ensign Energy Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ensign Energy Services used its assets less efficiently than the CA Energy Services industry average last year based on Return on Assets.
  • It is difficult to establish if Ensign Energy Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ensign Energy Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ensign Energy Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ESI Health

 How is Ensign Energy Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ensign Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ensign Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ensign Energy Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ensign Energy Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ensign Energy Services Company Filings, last reported 1 month ago.

TSX:ESI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,683.07 1,833.53 122.80
2018-12-31 1,796.69 1,726.65 84.82
2018-09-30 1,539.32 772.02 41.50
2018-06-30 1,613.85 781.84 33.23
2018-03-31 1,658.56 769.77 43.14
2017-12-31 1,689.38 739.93 32.37
2017-09-30 1,631.50 731.67 31.66
2017-06-30 1,725.82 738.68 24.32
2017-03-31 1,795.88 743.75 34.69
2016-12-31 1,832.49 717.46 29.84
2016-09-30 1,863.75 700.38 30.76
2016-06-30 1,902.79 711.86 47.30
2016-03-31 1,957.50 716.86 28.45
2015-12-31 2,086.60 794.11 40.39
2015-09-30 2,135.27 796.88 43.90
2015-06-30 2,124.77 767.91 51.25
2015-03-31 2,172.35 823.68 53.37
2014-12-31 2,045.24 786.33 54.00
2014-09-30 2,071.48 747.67 22.73
2014-06-30 2,003.64 705.70 98.71
2014-03-31 2,056.77 687.34 40.49
2013-12-31 1,962.57 643.93 78.86
2013-09-30 1,940.78 624.92 80.93
2013-06-30 1,945.84 639.41 112.74
2013-03-31 1,932.23 612.60 138.68
2012-12-31 1,857.96 528.58 33.21
2012-09-30 1,808.41 552.57 49.14
2012-06-30 1,815.43 613.24 53.58
  • Ensign Energy Services's level of debt (108.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.4% vs 108.9% today).
  • Debt is not well covered by operating cash flow (10%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Ensign Energy Services's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Ensign Energy Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ensign Energy Services has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ESI Dividends

 What is Ensign Energy Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.44%
Current annual income from Ensign Energy Services dividends. Estimated to be 8.1% next year.
If you bought CA$2,000 of Ensign Energy Services shares you are expected to receive CA$169 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ensign Energy Services's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.03%).
  • Ensign Energy Services's dividend is above the markets top 25% of dividend payers in Canada (5.73%).
Upcoming dividend payment

Purchase Ensign Energy Services before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ESI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ESI Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.45 6.00
2019-12-31 0.48 4.00
TSX:ESI Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.480 8.720
2019-02-27 0.480 8.622
2018-11-05 0.480 9.632
2018-08-07 0.480 7.942
2018-05-07 0.480 8.187
2018-03-05 0.480 7.942
2017-11-06 0.480 7.206
2017-08-08 0.480 7.264
2017-03-03 0.480 6.637
2016-12-06 0.480 5.326
2016-11-09 0.480 5.718
2016-11-08 0.480 6.190
2016-05-09 0.480 6.397
2015-12-04 0.480 7.614
2015-07-30 0.480 5.603
2015-05-04 0.480 4.182
2015-03-16 0.480 4.726
2014-12-04 0.480 4.869
2014-08-08 0.470 3.398
2014-05-12 0.470 2.800
2013-11-08 0.470 2.843
2013-08-06 0.440 2.487
2013-05-06 0.440 2.633
2012-11-07 0.440 2.714
2012-08-13 0.420 2.775
2012-05-07 0.420 2.986
2011-12-12 0.420 2.694
2011-08-05 0.380 2.457
2011-05-09 0.380 2.020
2011-03-14 0.380 2.152
2010-11-08 0.380 2.558
2010-08-09 0.350 2.843
2010-05-10 0.350 2.726
2010-03-15 0.350 2.420
2009-11-06 0.350 2.304
2009-08-10 0.340 2.079

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ensign Energy Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ensign Energy Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ensign Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ensign Energy Services has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ESI Management

 What is the CEO of Ensign Energy Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Geddes
COMPENSATION CA$1,882,035
AGE 61
TENURE AS CEO 12.3 years
CEO Bio

Mr. Robert H. Geddes, also known as Bob, has been Director, President and Chief Operating Officer of Trinidad Drilling Ltd. since November 28, 2018. Mr. Geddes has been the Chairman of Board at Trinidad Drilling Ltd since November 2018. He has been the President and Chief Operating Officer of Ensign Energy Services Inc., since January 1, 2007. Mr. Geddes serves as the President of Canadian Oilfield Services for Ensign Energy Services Inc. Mr. Geddes has been with the Ensign group of companies since 1991. He served as Vice President of Canadian Drilling from 1999 to 2004, President of Canadian Operations from 2004 to December 31, 2006 and Chief Operating Officer of Canadian Drilling for Ensign Energy Services Inc. He served as Vice President of Ensign Energy Services Inc. He served as President of Canadian Operations of Ensign Resource Service Group Inc. from 2004 to December 31, 2006. He has been a Non-Independent Director of Ensign Energy Services Inc. since March 2007. He was the Chairman of the Canadian Association of Oilwell Drilling Contractors (CAODC), and is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA). Mr. Geddes holds a B.Sc. in Mechanical Engineering from the University of Alberta.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Ensign Energy Services management team in years:

2.6
Average Tenure
  • The tenure for the Ensign Energy Services management team is about average.
Management Team

Bob Geddes

TITLE
President
COMPENSATION
CA$2M
AGE
61
TENURE
12.3 yrs

Mike Gray

TITLE
Chief Financial Officer
COMPENSATION
CA$643K
TENURE
2.6 yrs

Michael Nuss

TITLE
Executive Vice President of United States Operations
COMPENSATION
CA$1M
TENURE
2.6 yrs

Tom Connors

TITLE
Executive Vice President of Canada Operations
COMPENSATION
CA$842K
TENURE
2.6 yrs

Suzanne Davies

TITLE
VP of Legal & Corporate Secretary

Cathy Robinsons

TITLE
Vice President of Global Human Resources
TENURE
10.8 yrs

Bob Zanusso

TITLE
Senior Vice President of Canadian Drilling

Wayne Kipp

TITLE
Senior Vice President of Engineering

Gene Gaz

TITLE
Senior Vice President of International East Operations for International Oilfield Services ­ East

Brent Conway

TITLE
Executive Vice President of International Operations
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Ensign Energy Services board of directors in years:

12.2
Average Tenure
68
Average Age
  • The average tenure for the Ensign Energy Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Norman Edwards

TITLE
Chairman of the Board
COMPENSATION
CA$1M
AGE
58

Bob Geddes

TITLE
President
COMPENSATION
CA$2M
AGE
61
TENURE
12.2 yrs

Len Kangas

TITLE
Lead Director
COMPENSATION
CA$164K
AGE
69

John Schroeder

TITLE
Independent Director
COMPENSATION
CA$165K
AGE
71
TENURE
28.9 yrs

Jim Howe

TITLE
Independent Director
COMPENSATION
CA$161K
AGE
68
TENURE
31.9 yrs

Barth Whitham

TITLE
Independent Director
COMPENSATION
CA$157K
AGE
61
TENURE
12.2 yrs

Gail Surkan

TITLE
Independent Director
COMPENSATION
CA$154K
AGE
71
TENURE
13.2 yrs

Cary Moomjian

TITLE
Independent Director
COMPENSATION
CA$161K
AGE
70
TENURE
4.5 yrs

Gary Casswell

TITLE
Independent Director
COMPENSATION
CA$159K
AGE
65
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
20. Feb 19 Buy Robert Geddes Individual 20. Feb 19 20. Feb 19 40,000 CA$5.32 CA$212,852
16. Oct 18 Buy Roger Lace Individual 11. Oct 18 11. Oct 18 13,300 CA$5.81 CA$77,195
X
Management checks
We assess Ensign Energy Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ensign Energy Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ESI News

Simply Wall St News

Is Ensign Energy Services Inc.'s (TSE:ESI) CEO Pay Justified?

View our latest analysis for Ensign Energy Services How Does Bob Geddes's Compensation Compare With Similar Sized Companies? … Since shareholders would have lost about 1.9% over three years, some Ensign Energy Services Inc. … Shareholders may want to check for free if Ensign Energy Services insiders are buying or selling shares.

Simply Wall St -

Is There An Opportunity With Ensign Energy Services Inc.'s (TSE:ESI) 41% Undervaluation?

by taking the foreast future cash flows of the company and discounting them back to today's value. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model … Check out our latest analysis for Ensign Energy Services

Simply Wall St -

Imagine Owning Ensign Energy Services (TSE:ESI) While The Price Tanked 65%

In that time the share price has delivered a rude shock to holders, who find themselves down 65% after a long stretch. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining.

Simply Wall St -

Only 4 Days Left Before Ensign Energy Services Inc. (TSE:ESI) Will Be Trading Ex-Dividend

(TSE:ESI): The dividend payment of CA$0.12 per share will be distributed to shareholders on 04 April 2019, and the stock will begin trading ex-dividend at an earlier date, 22 March 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Ensign Energy Services's latest financial data to analyse its dividend characteristics. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

Do Directors Own Ensign Energy Services Inc. (TSE:ESI) Shares?

A look at the shareholders of Ensign Energy Services Inc. … Ensign Energy Services is not a large company by global standards. … Check out our latest analysis for Ensign Energy Services

Simply Wall St -

Does Ensign Energy Services Inc.'s (TSE:ESI) CEO Salary Reflect Performance?

Bob Geddes became the CEO of Ensign Energy Services Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Bob Geddes's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling Ensign Energy Services Inc. (TSE:ESI) Shares?

We often see insiders buying up shares in companies that perform well over the long term. … Ensign Energy Services Insider Transactions Over The Last Year. … In total, Ensign Energy Services insiders sold more than they bought over the last year

Simply Wall St -

How Does Investing In Ensign Energy Services Inc. (TSE:ESI) Impact The Volatility Of Your Portfolio?

(TSE:ESI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Are Ensign Energy Services Inc's (TSE:ESI) Interest Costs Too High?

Ensign Energy Services Inc (TSE:ESI) is a small-cap stock with a market capitalization of CA$834m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Energy Services companies,.

Simply Wall St -

Why Ensign Energy Services Inc's (TSE:ESI) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Bob Geddes's Compensation Compare With Similar Sized Companies. … According to our data, Ensign Energy Services Inc has a market capitalization of CA$883m, and pays its CEO total annual compensation worth CA$2m.

Simply Wall St -

ESI Company Info

Description

Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and coring and oil sands drilling services to the mining, and oil and natural gas industries. It also provides directional drilling and related services for conventional and horizontal drilling applications; shallow to deep well services, such as completions, abandonments, production workovers, and bottom hole pump changes to oil and natural gas producers; and interactive pressure drilling services with self-contained systems comprising nitrogen generation and compression equipment, and surface control systems. In addition, the company rents drill strings, loaders, tanks, pumps, rig mattings, blow-out preventers, waste bins, and wastewater treatment equipment for the drilling and completions segments of the oilfield industry; and wireline and production testing services to the oil and natural gas industry. Further, it offers transportation services. As of December 31, 2018, it owned and operated a fleet of 335 land drilling rigs, 27 specialty rigs, and 110 well servicing rigs, as well as 5 drilling rigs through Trinidad Drilling International. Ensign Energy Services Inc. was founded in 1987 and is headquartered in Calgary, Canada.

Details
Name: Ensign Energy Services Inc.
ESI
Exchange: TSX
Founded: 1987
CA$901,284,244
158,397,934
Website: http://www.ensignenergy.com
Address: Ensign Energy Services Inc.
400 - 5th Avenue SW,
Suite 1000,
Calgary,
Alberta, T2P 0L6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ESI Common Shares The Toronto Stock Exchange CA CAD 22. Sep 1988
OTCPK ESVI.F Common Shares Pink Sheets LLC US USD 22. Sep 1988
DB ENB Common Shares Deutsche Boerse AG DE EUR 22. Sep 1988
Number of employees
Current staff
Staff numbers
7,160
Ensign Energy Services employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:59
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.