Ensign Energy Services Management
Management criteria checks 2/4
Ensign Energy Services' CEO is Bob Geddes, appointed in Jan 2007, has a tenure of 19.58 years. total yearly compensation is CA$3.39M, comprised of 30.1% salary and 69.9% bonuses, including company stock and options. directly owns 1.2% of the company’s shares, worth CA$7.56M. The average tenure of the management team and the board of directors is 3.6 years and 14 years respectively.
Key information
Bob Geddes
Chief executive officer
CA$3.4m
Total compensation
| CEO salary percentage | 30.13% |
| CEO tenure | 19.6yrs |
| CEO ownership | 1.2% |
| Management average tenure | 3.6yrs |
| Board average tenure | 14yrs |
Recent management updates
Recent updates
Narrative Update • Jul 12
ESI: Modest Forecast Adjustments Will Shape Expectations For Execution Risk
The analyst fair value estimate for Ensign Energy Services has moved from CA$3.00 to CA$3.75, with analysts pointing to updated assumptions on growth, margins and valuation after recent CA$0.25 price target increases across several firms. Analyst Commentary Recent research coverage on Ensign Energy Services has centered on modest CA$0.25 adjustments to price targets, with analysts updating their models on growth, margin assumptions and valuation.
Narrative Update • Jun 28
ESI: Recent Price Objective Revisions Will Support Higher Forward P/E Multiple
Analysts have lifted their fair value estimate for Ensign Energy Services to CA$5.00 from CA$3.50, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E, along with recent CA$0.25 price target increases from several firms. Analyst Commentary Recent research updates on Ensign Energy Services point to a cluster of price target moves, with several bullish analysts lifting their targets by CA$0.25.
Narrative Update • Jun 14
ESI: Future Returns Will Reflect Execution Versus Modest P/E Repricing Expectations
Analysts have lifted their average price target on Ensign Energy Services by CA$0.25, reflecting updated views on the stock after recent research from several firms. Analyst Commentary Several bullish analysts have lifted their price targets on Ensign Energy Services by CA$0.25.Narrative Update • May 30
ESI: Future Returns Will Depend On Earnings Power And P/E Reset
Analysts have nudged their fair value estimate for Ensign Energy Services higher, with the implied analyst price target moving from about CA$4.25 to roughly CA$4.29, supported by recent CA$0.25 target increases from several brokerages. Analyst Commentary Recent research updates on Ensign Energy Services have focused on modest price target adjustments, with several bullish analysts lifting their targets by CA$0.25 and one earlier move taking a target to CA$3.50 from CA$3.Narrative Update • May 13
ESI: Future Fair Value Will Rely On Earnings Power And P/E Assumptions
Narrative Update Analysts have lifted Ensign Energy Services' price target by CA$0.25 to CA$3.50. This reflects updated views on fair value, risk and earnings assumptions following recent research from multiple firms.Narrative Update • Apr 27
ESI: Future Fair Value Will Depend On Earnings Power And P/E Assumptions
Analysts have nudged their CA$ price target for Ensign Energy Services up from CA$3.00 to CA$3.50, reflecting updated assumptions around fair value, discount rate, and future P/E expectations. Analyst Commentary Recent research points to a more constructive stance on Ensign Energy Services, with the CA$3.50 price target signalling an updated view on what analysts see as fair value based on their current assumptions for discount rates and future P/E levels.Narrative Update • Apr 12
ESI: Future Fair Value Will Rely On Earnings Power And P/E Assumptions
Analysts have raised their price target on Ensign Energy Services to CA$3.50 from CA$3.00, reflecting updated fair value estimates and minor adjustments to assumptions such as the discount rate and future P/E. Analyst Commentary Recent research points to a modestly higher fair value range for Ensign Energy Services, with the price target adjusted to CA$3.50 from CA$3.00.Narrative Update • Mar 29
ESI: Future Fair Value Will Depend On Earnings Power And P E Assumptions
Analysts have lifted their price target on Ensign Energy Services to CA$3.50 from CA$3.00, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and a higher future P/E multiple. Analyst Commentary Recent research reflects a more constructive stance on Ensign Energy Services, with the new CA$3.50 price target indicating that analysts see room for the shares to better align with their updated assumptions on value, risk, and earnings power.Narrative Update • Mar 09
ESI: Future Fair Value Will Depend On Margins And Discount Rate
Analysts have raised their fair value estimate for Ensign Energy Services to CA$3.63 from CA$3.25, reflecting updated assumptions around revenue growth, profit margins, discount rate, and a lower future P/E multiple. Valuation Changes Fair Value: Raised from CA$3.25 to CA$3.63 per share, a modest uplift in the central estimate.New Narrative • Mar 06
High Spec Drilling Demands And Capital Intensity Will Restrain Long Term Earnings Potential
Catalysts About Ensign Energy Services Ensign Energy Services provides contract drilling and well servicing, supported by drilling automation and controls technology, across North America and several international markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 23
ESI: Future Fair Value Will Rely On Stable Margins And P/E
Analysts have kept their CA$ price target for Ensign Energy Services steady, with unchanged fair value assumptions and only minor tweaks to the discount rate and future P/E. This reflects a broadly consistent view of the company’s outlook.Narrative Update • Feb 09
ESI: Future Fair Value Will Depend On Margin Recovery And Lower P/E
Analysts have revised their price target for Ensign Energy Services to $3.25 from $2.96 after updated assumptions on fair value, profit margin and future P/E were incorporated into a slightly higher valuation framework. Valuation Changes Fair Value: Updated from CA$2.96 to CA$3.25, reflecting a modestly higher estimated share value.Narrative Update • Jan 25
ESI: Future Fair Value Will Depend On Margins And Lower P/E
Analysts have raised their price target for Ensign Energy Services, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and a lower future P/E multiple as the key drivers of the revised estimate. Valuation Changes Fair Value was updated slightly from 2.83x to 2.96x, reflecting a modest adjustment in the implied valuation multiple.Analysis Article • Jan 22
Ensign Energy Services Inc. (TSE:ESI) Looks Just Right With A 31% Price Jump
Ensign Energy Services Inc. ( TSE:ESI ) shareholders would be excited to see that the share price has had a great...Analysis Article • Jan 15
Investors Will Want Ensign Energy Services' (TSE:ESI) Growth In ROCE To Persist
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Narrative Update • Jan 11
ESI: Fair Valuation Will Rely On Stronger Margins And Lower Future P E
Analysts have adjusted their price targets for Ensign Energy Services, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations as key drivers of the change. Valuation Changes Fair Value per share: The fair value estimate is unchanged at 2.83x, indicating that the model update did not alter the overall valuation multiple.Analysis Article • Dec 16
Does Ensign Energy Services (TSE:ESI) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 16
ESI: Higher Long Term Multiple Will Support Returns Despite Flat Rig Demand
Analysts have modestly raised their price target on Ensign Energy Services to C$3.00 from C$2.50, citing a higher long term valuation multiple despite expectations for flat near term rig demand, as well as softer revenue growth and margins. Analyst Commentary Recent research updates reflect a more balanced view on Ensign Energy Services, as analysts adjust ratings while modestly increasing their valuation framework.Narrative Update • Dec 02
ESI: Medium Term Confidence Will Persist Despite Flat Near Term Rig Demand
Analysts have raised their price target for Ensign Energy Services from C$2.50 to C$3.00. They cited a cautious outlook, noting flat near-term rig demand despite the increase.Narrative Update • Nov 18
ESI: Lower Discount Rate Will Strengthen Balance Sheet Despite Flat Rig Demand
Analysts have raised their price target for Ensign Energy Services from C$2.50 to C$3.00, citing a modest improvement in financial outlook despite expectations for flat near-term rig demand. Analyst Commentary Analyst perspectives on Ensign Energy Services remain mixed as the company navigates industry headwinds while showing incremental improvement in its financial outlook.Narrative Update • Nov 01
ESI: Flat Rig Demand And Improved Margins Will Define Outlook
Analysts have raised their price target for Ensign Energy Services to C$2.83 from C$2.46. They cite improved profit margins and a lower discount rate, despite expectations for flat near-term rig demand.Analysis Article • Oct 11
What Ensign Energy Services Inc.'s (TSE:ESI) P/S Is Not Telling You
It's not a stretch to say that Ensign Energy Services Inc.'s ( TSE:ESI ) price-to-sales (or "P/S") ratio of 0.3x right...Analysis Article • Jun 20
Revenues Not Telling The Story For Ensign Energy Services Inc. (TSE:ESI) After Shares Rise 27%
Ensign Energy Services Inc. ( TSE:ESI ) shareholders would be excited to see that the share price has had a great...Analysis Article • May 03
We Think Some Shareholders May Hesitate To Increase Ensign Energy Services Inc.'s (TSE:ESI) CEO Compensation
Key Insights Ensign Energy Services to hold its Annual General Meeting on 9th of May Salary of CA$850.0k is part of CEO...Analysis Article • Mar 11
Ensign Energy Services Inc.'s (TSE:ESI) Stock Retreats 28% But Revenues Haven't Escaped The Attention Of Investors
The Ensign Energy Services Inc. ( TSE:ESI ) share price has fared very poorly over the last month, falling by a...Analysis Article • Feb 07
With EPS Growth And More, Ensign Energy Services (TSE:ESI) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
New Narrative • Feb 06
Demand For High-Spec Canadian Rigs And EDGE AutoPilot Technology Will Support Future Operations
Strong demand for high-spec rigs and rate increases boost margins and drive future revenue growth.Analysis Article • Jan 07
Why Investors Shouldn't Be Surprised By Ensign Energy Services Inc.'s (TSE:ESI) 26% Share Price Surge
The Ensign Energy Services Inc. ( TSE:ESI ) share price has done very well over the last month, posting an excellent...Analysis Article • Nov 05
We Ran A Stock Scan For Earnings Growth And Ensign Energy Services (TSE:ESI) Passed With Ease
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jul 16
Ensign Energy Services Inc.'s (TSE:ESI) Shares Not Telling The Full Story
With a median price-to-sales (or "P/S") ratio of close to 0.6x in the Energy Services industry in Canada, you could be...Analysis Article • Apr 27
It Looks Like Shareholders Would Probably Approve Ensign Energy Services Inc.'s (TSE:ESI) CEO Compensation Package
Key Insights Ensign Energy Services' Annual General Meeting to take place on 3rd of May Total pay for CEO Bob Geddes...Analysis Article • Apr 18
Does Ensign Energy Services (TSE:ESI) Deserve A Spot On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Mar 03
The Return Trends At Ensign Energy Services (TSE:ESI) Look Promising
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -CA$54m |
| Dec 31 2025 | CA$3m | CA$1m | -CA$39m |
| Sep 30 2025 | n/a | n/a | -CA$46m |
| Jun 30 2025 | n/a | n/a | -CA$38m |
| Mar 31 2025 | n/a | n/a | -CA$16m |
| Dec 31 2024 | CA$3m | CA$850k | -CA$21m |
| Sep 30 2024 | n/a | n/a | CA$31m |
| Jun 30 2024 | n/a | n/a | CA$21m |
| Mar 31 2024 | n/a | n/a | CA$36m |
| Dec 31 2023 | CA$3m | CA$795k | CA$41m |
| Sep 30 2023 | n/a | n/a | CA$21m |
| Jun 30 2023 | n/a | n/a | CA$44m |
| Mar 31 2023 | n/a | n/a | CA$6m |
| Dec 31 2022 | CA$3m | CA$758k | CA$8m |
| Sep 30 2022 | n/a | n/a | -CA$33m |
| Jun 30 2022 | n/a | n/a | -CA$85m |
| Mar 31 2022 | n/a | n/a | -CA$106m |
| Dec 31 2021 | CA$2m | CA$560k | -CA$156m |
| Sep 30 2021 | n/a | n/a | -CA$112m |
| Jun 30 2021 | n/a | n/a | -CA$114m |
| Mar 31 2021 | n/a | n/a | -CA$82m |
| Dec 31 2020 | CA$2m | CA$595k | -CA$67m |
| Sep 30 2020 | n/a | n/a | -CA$153m |
| Jun 30 2020 | n/a | n/a | -CA$153m |
| Mar 31 2020 | n/a | n/a | -CA$164m |
| Dec 31 2019 | CA$2m | CA$700k | -CA$159m |
Compensation vs Market: Bob's total compensation ($USD2.42M) is above average for companies of similar size in the Canadian market ($USD979.04K).
Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.
CEO
Bob Geddes (69 yo)
19.6yrs
Tenure
CA$3,385,383
Compensation
Mr. Robert H. Geddes, P.Eng, 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 Trin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.6yrs | CA$3.39m | 1.2% CA$ 7.6m | |
| Advisor | less than a year | CA$1.20m | 0% CA$ 0 | |
| Executive Vice President of International Operations | 7.5yrs | CA$1.25m | 0% CA$ 0 | |
| Senior Vice President of United States Drilling Operations | 1yr | CA$983.67k | 0% CA$ 0 | |
| Chief Financial Officer | less than a year | no data | 0.072% CA$ 453.6k | |
| Head of Investor Relations | no data | no data | no data | |
| Corporate Secretary & General Counsel | no data | no data | no data | |
| Vice President of Global Human Resources | 18.1yrs | no data | no data | |
| Senior Vice President of Canadian Operations | 3.6yrs | no data | 0.049% CA$ 311.3k | |
| VP & Corporate Controller | no data | no data | no data |
3.6yrs
Average Tenure
Experienced Management: ESI's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.4yrs | CA$3.39m | 1.2% CA$ 7.6m | |
| Independent Director | 8.7yrs | CA$174.50k | 0.047% CA$ 299.0k | |
| Independent Director | 19.4yrs | CA$180.50k | 1.72% CA$ 10.8m | |
| Chairman of the Board | 36.8yrs | CA$1.63m | 23.35% CA$ 147.3m | |
| Independent Lead Director | 36.2yrs | CA$180.00k | 0.043% CA$ 271.0k | |
| Independent Director | 2.8yrs | CA$167.00k | no data | |
| Independent Director | 4.4yrs | CA$179.00k | no data | |
| Independent Director | 2.7yrs | CA$169.00k | 0.0095% CA$ 59.7k |
14.0yrs
Average Tenure
69yo
Average Age
Experienced Board: ESI's board of directors are seasoned and experienced ( 14 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/06 06:56 |
| End of Day Share Price | 2026/08/06 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ensign Energy Services Inc. is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim Monachello | ATB Cormark |
| Laique Ahmad Amir Arif | ATB Cormark Historical (Cormark Securities) |
| James West | Barclays |