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Ensign Energy Services Inc. (T:ESI)

Business Focus: Oil & Gas Drilling

Sector:  Energy Industry:  Oil & Gas Drilling
 
See Regulatory Filings on SEDAR
Company Contact
Address: 400 5 Ave SW Suite 1000
CALGARY AB T2P 0L6
Tel: N/A
Website: https://www.ensignenergy.com
IR: See website
Key People
Norman Murray Edwards
Non-Independent Chairman of the Board
Robert H. Geddes
President, Chief Operating Officer, Director
Michael R. Gray
Chief Financial Officer
Thomas Joseph Connors
Executive Vice President - Canadian Operation
Brent J. Conway
Executive Vice President
Michael Rudy Nuss
Executive Vice President United States and Latin American Operations
Business Overview
Ensign Energy Services Inc. is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company's oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services. Its Canadian operations span over four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba and include the Northwest Territories and the Yukon. In the United States, the Company operates in the Rocky Mountain and southern regions, as well as the states of California, Nevada, New Mexico, North Dakota, South Dakota, Nebraska, Pennsylvania and Michigan. Internationally, it operates in Australia, Argentina, Kurdistan, Libya, Oman and Venezuela. The Company owns a fleet approximately 220 land drilling rigs across the world.
Financial Overview
For the nine months ended 30 September 2019, Ensign Energy Services Inc revenues increased 50% to C$1.22B. Net loss decreased 5% to C$91.3M. Revenues reflect United States Oilfield Services segment increase of 19% to C$514.2M. Lower net loss reflects Depreciation decrease of 11% to C$269.6M (expense), Share-based compensation decrease of 9% to C$2.2M (expense). Dividend per share remained flat at C$0.36.
Employees: 800 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $2,047M as of Sep 30, 2019
Annual revenue (TTM): $1,563M as of Sep 30, 2019
EBITDA (TTM): $383.48M as of Sep 30, 2019
Net annual income (TTM): $63.18M as of Sep 30, 2019
Free cash flow (TTM): $45.06M as of Sep 30, 2019
Net Debt Last Fiscal Year: $1,619M as of Sep 30, 2019
Shares outstanding: 163,118,758 as of Jan 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization