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.
Fair value with mediocre balance sheet.
Share Price & News
How has Ensign Energy Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ESI's share price has been volatile over the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: ESI underperformed the Canadian Energy Services industry which returned -72% over the past year.
Return vs Market: ESI underperformed the Canadian Market which returned -25.3% over the past year.
Price Volatility Vs. Market
How volatile is Ensign Energy Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThings Look Grim For Ensign Energy Services Inc. (TSE:ESI) After Today's Downgrade
1 week ago | Simply Wall StCould The Ensign Energy Services Inc. (TSE:ESI) Ownership Structure Tell Us Something Useful?
3 weeks ago | Simply Wall StWhy We’re Not Keen On Ensign Energy Services Inc.’s (TSE:ESI) 0.006% Return On Capital
Is Ensign Energy Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ESI (CA$0.53) is trading below our estimate of fair value (CA$5.19)
Significantly Below Fair Value: ESI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ESI is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: ESI is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ESI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ESI is good value based on its PB Ratio (0.1x) compared to the CA Energy Services industry average (0.3x).
How is Ensign Energy Services forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ESI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: ESI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: ESI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: ESI's revenue is expected to decline over the next 3 years (-10.1% per year).
High Growth Revenue: ESI's revenue is forecast to decline over the next 3 years (-10.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ESI is forecast to be unprofitable in 3 years.
How has Ensign Energy Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ESI is currently unprofitable.
Growing Profit Margin: ESI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ESI is unprofitable, but has reduced losses over the past 5 years at a rate of 10.7% per year.
Accelerating Growth: Unable to compare ESI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ESI is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (18.1%).
Return on Equity
High ROE: ESI has a negative Return on Equity (-11.13%), as it is currently unprofitable.
How is Ensign Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: ESI's short term assets (CA$368.3M) exceed its short term liabilities (CA$241.3M).
Long Term Liabilities: ESI's short term assets (CA$368.3M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: ESI's debt to equity ratio (107.7%) is considered high.
Reducing Debt: ESI's debt to equity ratio has increased from 38.4% to 107.7% over the past 5 years.
Inventory Level: ESI has a high level of physical assets or inventory.
Debt Coverage by Assets: ESI's debt is not covered by short term assets (assets are 0.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ESI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ESI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.1% per year.
What is Ensign Energy Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ESI's dividend (45.28%) is higher than the bottom 25% of dividend payers in the Canadian market (2.75%).
High Dividend: ESI's dividend (45.28%) is in the top 25% of dividend payers in the Canadian market (8.79%)
Stability and Growth of Payments
Stable Dividend: ESI's dividend payments have been volatile in the past 10 years.
Growing Dividend: ESI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: ESI is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: ESI is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Geddes (62yo)
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 Dr ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD1.34M) is above average for companies of similar size in the Canadian market ($USD157.44K).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||3.42yrs||CA$642.79k||0.076% CA$72.8k|
|Executive Vice President of United States Operations||3.42yrs||CA$1.24m||0.077% CA$74.2k|
|Executive Vice President of Canada||3.42yrs||CA$841.65k||0.10% CA$100.1k|
|Head of Investor Relations||no data||no data||no data|
|VP of Legal & Corporate Secretary||no data||no data||no data|
|Vice President of Global Human Resources||11.67yrs||no data||no data|
|Senior Vice President of Canadian Drilling||no data||no data||no data|
|Senior Vice President of Engineering||no data||no data||no data|
|Senior Vice President of International East Operations for International Oilfield Services East||no data||no data||no data|
Experienced Management: ESI's management team is considered experienced (3.4 years average tenure).
|Independent Director||2.25yrs||CA$158.88k||0.025% CA$23.6k|
|Independent Director||5.33yrs||CA$161.43k||0.25% CA$237.2k|
|Independent Director||13yrs||CA$157.42k||0.066% CA$63.8k|
|Chairman of the Board||no data||CA$1.33m||19.36% CA$18.6m|
|Independent Director||14yrs||CA$153.93k||0.034% CA$32.6k|
|Independent Director||32.75yrs||CA$160.60k||0.29% CA$276.4k|
|Lead Director||no data||CA$163.59k||0.049% CA$46.7k|
|Independent Director||29.75yrs||CA$165.23k||0.011% CA$10.8k|
Experienced Board: ESI's board of directors are seasoned and experienced ( 13 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ESI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ensign Energy Services Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ensign Energy Services Inc.
- Ticker: ESI
- Exchange: TSX
- Founded: 1987
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: CA$96.240m
- Shares outstanding: 163.12m
- Website: https://www.ensignenergy.com
Number of Employees
- Ensign Energy Services Inc.
- 400 - 5th Avenue SW
- Suite 1000
- T2P 0L6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ESI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
|ENB||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1988|
|ESVI.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1988|
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 equipment and other services. It also provides coring and oil sands drilling services to the mining, and oil and natural gas industries; 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 for 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. Further, it offers transportation services. As of December 31, 2019, it operated a fleet of 226 land drilling rigs, 21 specialty coring rigs, and 99 well servicing rigs. Ensign Energy Services Inc. was founded in 1987 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 01:24|
|End of Day Share Price||2020/03/27 00:00|
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.