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.
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.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 6
Ensign Resource Service Group is a Canadian stock, trading under the symbol ESI-T on the Toronto Stock Exchange (ESI-CT). It is usually referred to as TSX:ESI or ESI-T
In the last year, 6 stock analysts published opinions about ESI-T. 3 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Ensign Resource Service Group.
Ensign Resource Service Group was recommended as a Top Pick by Teal Linde on 2021-05-17. Read the latest stock experts ratings for Ensign Resource Service Group.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Ensign Resource Service Group In the last year. It is a trending stock that is worth watching.
On 2021-06-22, Ensign Resource Service Group (ESI-T) stock closed at a price of $2.17.
