Ensign Resource Service Group

ESI-T

TSE:ESI

2.87
0.34 (13.44%)
Ensign Energy Services Inc. is a Canadian company that provides oilfield services for the North American and international market. Founded in 1987, Ensign has its headquarters located in Calgary, Alberta.
More at Wikipedia

Analysis and Opinions about ESI-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 11, 2019
It is paying a 17+% dividend because it used to be double the valuation. Don't expect that dividend rate to remain. He suspects it will be cut.
It is paying a 17+% dividend because it used to be double the valuation. Don't expect that dividend rate to remain. He suspects it will be cut.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$2.710
Owned
Unknown
DON'T BUY
DON'T BUY
November 1, 2019
It has an outrageous dividend. They are cheap on a price to cash flow basis and trades at .27 times book value. He would not own it and worries the dividend may not be sustainable. Yield 18%
It has an outrageous dividend. They are cheap on a price to cash flow basis and trades at .27 times book value. He would not own it and worries the dividend may not be sustainable. Yield 18%
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$2.680
Owned
No
WAIT
WAIT
October 15, 2019
$0.62 is his target price. Little good news here. The dividend should be cut and write-offs need to happen. Wait till their November earnings before pulling the trigger.
$0.62 is his target price. Little good news here. The dividend should be cut and write-offs need to happen. Wait till their November earnings before pulling the trigger.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$2.850
Owned
Unknown
DON'T BUY
DON'T BUY
January 9, 2019
The only one he likes in this sector is Secure Energy Services. Companies are trying to figure out their activity levels and this will determine how equipment will move between Canada and the US. This is one he would not be buying right now.
The only one he likes in this sector is Secure Energy Services. Companies are trying to figure out their activity levels and this will determine how equipment will move between Canada and the US. This is one he would not be buying right now.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$5.240
Owned
No
DON'T BUY
DON'T BUY
June 18, 2018

It has a decent balance sheet but some operations are in difficult places. It is a high beta stock and will do well when the cycle turns. The company has some assets that are going to under-perform for some time to come. There are more attractive names.

It has a decent balance sheet but some operations are in difficult places. It is a high beta stock and will do well when the cycle turns. The company has some assets that are going to under-perform for some time to come. There are more attractive names.

Josef Schachter
President, Schachter Asset Management
Price
$5.900
Owned
Unknown
COMMENT
COMMENT
May 1, 2018

This stock compares to Trinidad Drilling (TDG-T) and both are on his coverage list. He likes what he sees out of Ensign. It has $740 million debt versus $1.7 billion of equity. Their book value is $10.77 and the stock trades at $6. They have a very big presence in the United States. Of $1 billion in 2017 revenue, $459 billion came from the US, $262 from Canada and the rest international. They’re in the Middle East and in Mexico and Venezuela. Venezuela adds some risk to the stock. He is hoping to add coverage on weakness.

This stock compares to Trinidad Drilling (TDG-T) and both are on his coverage list. He likes what he sees out of Ensign. It has $740 million debt versus $1.7 billion of equity. Their book value is $10.77 and the stock trades at $6. They have a very big presence in the United States. Of $1 billion in 2017 revenue, $459 billion came from the US, $262 from Canada and the rest international. They’re in the Middle East and in Mexico and Venezuela. Venezuela adds some risk to the stock. He is hoping to add coverage on weakness.

Josef Schachter
President, Schachter Asset Management
Price
$6.110
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
April 3, 2018

He likes the company. Book value is $10.77, he thinks the downside is $5. It traded around $14 to $15 in the last bull market for energy, so he sees the potential for a triple, but it is a stock that requires patience. There is potential for a 10 to 15% downside in the Q2 weakness.

He likes the company. Book value is $10.77, he thinks the downside is $5. It traded around $14 to $15 in the last bull market for energy, so he sees the potential for a triple, but it is a stock that requires patience. There is potential for a 10 to 15% downside in the Q2 weakness.

Josef Schachter
President, Schachter Asset Management
Price
$5.740
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 21, 2017

(A Top Pick Jan 6 /17, Down 29.59%) When you buy cyclical, you need to be prepared when it goes the wrong way. This is still a world class company. They have done a lot of innovation through the years, return on capital has been very consistent for many years, and of course the last few years haven’t been great. The services companies are really tough, they are the first ones to get cut, and then when things starts to get better they are the last ones to go up. Energy didn’t quite have as good a year as they thought and services got left behind.

(A Top Pick Jan 6 /17, Down 29.59%) When you buy cyclical, you need to be prepared when it goes the wrong way. This is still a world class company. They have done a lot of innovation through the years, return on capital has been very consistent for many years, and of course the last few years haven’t been great. The services companies are really tough, they are the first ones to get cut, and then when things starts to get better they are the last ones to go up. Energy didn’t quite have as good a year as they thought and services got left behind.

Matt Kacur
President, FSA Financial Science and Art
Price
$6.260
Owned
No
HOLD
HOLD
May 15, 2017

The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.

The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$7.240
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 13, 2017

(A Top Pick Jan 6/17. Down 15%.) Services are more cyclical, and in general will lag the producers. Also, they had a “not so great” quarter, which took the stock down. Overall, he still really likes this. It has been a really great company, and if you get the opportunity to buy it at a cheap price, he would stick with it.

(A Top Pick Jan 6/17. Down 15%.) Services are more cyclical, and in general will lag the producers. Also, they had a “not so great” quarter, which took the stock down. Overall, he still really likes this. It has been a really great company, and if you get the opportunity to buy it at a cheap price, he would stick with it.

Matt Kacur
President, FSA Financial Science and Art
Price
$8.170
Owned
No
DON'T BUY
DON'T BUY
March 8, 2017

The 5-year chart shows this had been going down, and is now stabilizing. The rally that started in 2016 is very gentle, and doesn’t have as much credibility as the big rally selloff in 2014-2015, so he would avoid this.

The 5-year chart shows this had been going down, and is now stabilizing. The rally that started in 2016 is very gentle, and doesn’t have as much credibility as the big rally selloff in 2014-2015, so he would avoid this.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$7.840
Owned
No
TOP PICK
TOP PICK
January 6, 2017

He considers this a medium risk company. He finds any of the service companies riskier, and have lagged, versus the producers. When you are in the services game, you are the last in line when things are good, and 1st in line when things get bad. They are just starting to get an upswing after the energy prices improved. This is at its all-time low in terms of return on invested capital, but they have a tremendous track record. It is also undervalued. Dividend yield of 5.03%. (Analysts’ price target is $9.81.)

He considers this a medium risk company. He finds any of the service companies riskier, and have lagged, versus the producers. When you are in the services game, you are the last in line when things are good, and 1st in line when things get bad. They are just starting to get an upswing after the energy prices improved. This is at its all-time low in terms of return on invested capital, but they have a tremendous track record. It is also undervalued. Dividend yield of 5.03%. (Analysts’ price target is $9.81.)

Matt Kacur
President, FSA Financial Science and Art
Price
$9.540
Owned
No
PARTIAL BUY
PARTIAL BUY
August 23, 2016

Energy service companies have come off more so than the oil companies. Their budgets are driven by the oil companies, and also their cost structures seem to be fixed, so when the wind comes out of their sails, they still have the same cost structures. This is now at a pretty good level. You might look to pick away at these companies in the next month or so. This one is a good name and is one of the bigger ones.

Energy service companies have come off more so than the oil companies. Their budgets are driven by the oil companies, and also their cost structures seem to be fixed, so when the wind comes out of their sails, they still have the same cost structures. This is now at a pretty good level. You might look to pick away at these companies in the next month or so. This one is a good name and is one of the bigger ones.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$7.610
Owned
No
COMMENT
COMMENT
July 27, 2016

He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$7.190
Owned
No
DON'T BUY
DON'T BUY
May 18, 2016

An energy service company, and he is concerned at this point for all energy service companies, and would avoid most of them. The activity you are seeing right now in Canada is quite weak. At one point there were only 11 active rigs in Q1, the lowest level that has ever been seen since they were being measured. Activity in Q2 looks like it is going to be weak as well.

An energy service company, and he is concerned at this point for all energy service companies, and would avoid most of them. The activity you are seeing right now in Canada is quite weak. At one point there were only 11 active rigs in Q1, the lowest level that has ever been seen since they were being measured. Activity in Q2 looks like it is going to be weak as well.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$7.060
Owned
Unknown
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