Ensign Resource Service Group

ESI-T

TSE:ESI

2.02
0.09 (4.27%)
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.
Show full opinionHide full opinion
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.
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%
Show full opinionHide full opinion
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%
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.
Show full opinionHide full opinion
$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.
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.
Show full opinionHide full opinion
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.
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.

Show full opinionHide full opinion

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.

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.

Show full opinionHide full opinion

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.

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.

Show full opinionHide full opinion

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.

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.

Show full opinionHide full opinion

(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.

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.

Show full opinionHide full opinion

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.

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.

Show full opinionHide full opinion

(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.

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.

Show full opinionHide full opinion

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.

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.)

Show full opinionHide full opinion

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.)

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.

Show full opinionHide full opinion

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.

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.

Show full opinionHide full opinion

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.

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.

Show full opinionHide full opinion

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.

SPECULATIVE BUY
SPECULATIVE BUY
August 17, 2015

Driller. A little more conservative than PD-T. If we get a significant bump in commodity prices it would come back. The sector is too volatile.

Show full opinionHide full opinion

Driller. A little more conservative than PD-T. If we get a significant bump in commodity prices it would come back. The sector is too volatile.

COMMENT
COMMENT
May 7, 2015

This is not one that he particularly likes. In 2010 they had about $150 million in debt and now it is about $125 million. He wonders why they don’t cut the dividend.

Show full opinionHide full opinion

This is not one that he particularly likes. In 2010 they had about $150 million in debt and now it is about $125 million. He wonders why they don’t cut the dividend.

DON'T BUY
DON'T BUY
March 9, 2015

Still a little early for the drillers, particularly the fracers where this one is placed. Feels they have a couple of very, very ugly quarters in front of them, and earnings revisions are still coming. He would be more inclined to buy the unlevered producers.

Show full opinionHide full opinion

Still a little early for the drillers, particularly the fracers where this one is placed. Feels they have a couple of very, very ugly quarters in front of them, and earnings revisions are still coming. He would be more inclined to buy the unlevered producers.

DON'T BUY
DON'T BUY
November 27, 2014

Well driller. Basins in North America drive their business. They live off most of the 2015 capital expenditure budgets that are now being drafted. Contract drillers are swingier when it comes to sensitivity to capital expenditure swings. That is why the stock is trading so low. The balance sheet is another concern.

Show full opinionHide full opinion

Well driller. Basins in North America drive their business. They live off most of the 2015 capital expenditure budgets that are now being drafted. Contract drillers are swingier when it comes to sensitivity to capital expenditure swings. That is why the stock is trading so low. The balance sheet is another concern.

WEAK BUY
WEAK BUY
November 25, 2014

Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.

Show full opinionHide full opinion

Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.

WEAK BUY
WEAK BUY
October 2, 2014

A more conservatively managed driller. Does not own one in this sector, but if he did it would be this one. A tough sector to own for the long haul. He owns SCL-T in this space.

Show full opinionHide full opinion

A more conservatively managed driller. Does not own one in this sector, but if he did it would be this one. A tough sector to own for the long haul. He owns SCL-T in this space.

COMMENT
COMMENT
August 29, 2014

Oil/gas service. He favours some of the other names. It ranks 277, so it is in the top 3rd of his database. 17X PE. Earnings are virtually flat for 2014 versus 2013, but are expected to snap back to 38% earnings growth in 2015. Assuming they can deliver the numbers in the coming year, he thinks there will be an improvement in his Quant ranks.

Show full opinionHide full opinion

Oil/gas service. He favours some of the other names. It ranks 277, so it is in the top 3rd of his database. 17X PE. Earnings are virtually flat for 2014 versus 2013, but are expected to snap back to 38% earnings growth in 2015. Assuming they can deliver the numbers in the coming year, he thinks there will be an improvement in his Quant ranks.

HOLD
HOLD
May 14, 2013

Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own.

Show full opinionHide full opinion

Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own.

BUY
BUY
August 21, 2012

Top 10% of his database. Thinks there are still very good technical analysis pictures in the space. Earnings estimate are down in the group and are bottoming. This one ranks quite well, so is a candidate for purchase.

Show full opinionHide full opinion

Top 10% of his database. Thinks there are still very good technical analysis pictures in the space. Earnings estimate are down in the group and are bottoming. This one ranks quite well, so is a candidate for purchase.

COMMENT
COMMENT
April 10, 2012
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.
Show full opinionHide full opinion
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
WAIT
March 19, 2012
There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
Show full opinionHide full opinion
There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
TOP PICK
TOP PICK
June 7, 2011
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.
Show full opinionHide full opinion
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
BUY
April 12, 2011
Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
Show full opinionHide full opinion
Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
BUY
BUY
January 19, 2011
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.
Show full opinionHide full opinion
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
HOLD
June 4, 2010
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.
Show full opinionHide full opinion
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.
Showing 1 to 30 of 160 entries

Ensign Resource Service Group(ESI-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 2

Stockchase rating for Ensign Resource Service Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ensign Resource Service Group(ESI-T) Frequently Asked Questions

What is Ensign Resource Service Group stock symbol?

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

Is Ensign Resource Service Group a buy or a sell?

In the last year, 2 stock analyst published opinions about ESI-T. 0 analyst recommended to BUY the stock. 2 analyst 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.

Is Ensign Resource Service Group a good investment or a top pick?

Ensign Resource Service Group was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2019-11-11. Read the latest stock experts ratings for Ensign Resource Service Group.

Why is Ensign Resource Service Group stock dropping?

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.

Is Ensign Resource Service Group worth watching?

2 stock analyst on Stockchase covered Ensign Resource Service Group In the last year. It is a trending stock that is worth watching.

What is Ensign Resource Service Group stock price?

On 2020-02-27, Ensign Resource Service Group (ESI-T) stock closed at a price of $2.02.