TSE:ESI

Ensign Resource Service Group (ESI.TO)

4.03
-0.24 (5.62%)
as of Jun 5, 2026, 6:15:45 pm Market Open.
139 watching
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Ensign Resource Service Group (ESI-T) is currently facing challenges due to its significant debt levels, having to pay back a remaining $158 million of a $600 million debt over the next few quarters. Despite a 30% rally, analysts express concerns about whether it can continue this momentum amid fluctuating oil prices. The company maintained a market cap of $400 million, unchanged since before the pandemic, despite paying down $500 million in debt. Insider purchases by top executives suggest potential optimism about future prospects, contingent on successful debt repayment which would free up cash for possible dividend reinstatement. Experts see potential value if the market prices in improved financial health once debt obligations are met.

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Consensus
Mixed
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Valuation
Undervalued
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COMMENT
There will be a time to look at drilling companies in a few months. The whole sector has come off tremendously. Doesn't expect there will be much of a return in this name for a while.
WAIT
There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
TOP PICK
Paying a bit of a dividend, in an uptrend. You can hold it for a long time. Pick it up at $19. Fundamentals are pretty good as well.
BUY
Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
BUY
Drillers have had a nice move but it’s mostly in the pressure pumpers such as Calfrac (CFW-T) and Trican (TCW-T). This one and a few of the others have lagged a little and will start to play some catch-up. US drillers are starting to do better.
HOLD
He detected what could be a turn. We have passed the worst part. It will have a positive impact on drilling. The stocks are just starting to react to that. He is thinking of adding to oil drilling stocks at this point.
DON'T BUY
Had a poor spring. Earnings seemed to be coming along. They are more active in the US. Thinks the royalty increase in Alberta hurt them. Still sitting with a lot of rigs on the shelf.
HOLD
The biggest issue with the services sector right now is that they have had a very good run off a very low base. The time to look at them is in the late fall period just before they get into the drilling season.
PAST TOP PICK
Calfrac Well Services (CFW-T), Precision Drilling (PD.UN-T), Ensign Resource (ESI-T). Involved in fracturing, an expensive exploration/production service, which basically fractures rocks to release petrochemicals. With higher natural gas, companies are starting to use this service. Bullish on natural gas. These companies can be very cyclical and will fall off the table when energy prices weaken.
PAST TOP PICK
(A Top Pick May 30/07. No change.) Oil/gas service. International side of business has been doing well. Cdn operations has been weaker than expected, but better than what analysts had been looking for. Wait a month to buy on a pullback. Could take profits.
PAST TOP PICK
(A Top Pick May 30/07. Up 2%.) Can still see some upside on this one. The real knock on some of the energy service companies has been the drilling for gas but with a stronger improvement in the price, some of them will show stronger cash flows. Might add on a pull back.
PAST TOP PICK
(A Top Pick May 8/07. Up 9%.) Feels energy services are going to do pretty well, particularly now that natural gas has bounced back.
BUY
Likes the story on this one.
BUY
Model price is $27.41, a 50% upside to the model price. There has been a huge move off the $12 area but there is still more value.
BUY
Model price of $27.96, an upside of around 74%. Earnings are coming down. Would chance it here, but it could drop further if things get ugly.
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