ESI-T
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.
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.
(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.
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.
(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.
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.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 5
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, 5 stock analysts published opinions about ESI-T. 1 analyst recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Ensign Resource Service Group.
Ensign Resource Service Group was recommended as a Top Pick by Brian Madden on 2020-07-07. 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.
5 stock analysts on Stockchase covered Ensign Resource Service Group In the last year. It is a trending stock that is worth watching.
On 2020-07-15, Ensign Resource Service Group (ESI-T) stock closed at a price of $0.76.
