Last C$0.94 CAD
Change Today 0.00 / 0.00%
Volume 22.3K
CWC On Other Exchanges
Symbol
Exchange
Venture
As of 3:36 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

cwc energy services corp (CWC) Snapshot

Open
C$0.94
Previous Close
C$0.94
Day High
C$0.94
Day Low
C$0.92
52 Week High
04/3/14 - C$1.24
52 Week Low
10/10/13 - C$0.66
Market Cap
254.2M
Average Volume 10 Days
94.5K
EPS TTM
C$0.03
Shares Outstanding
270.5M
EX-Date
09/26/14
P/E TM
31.3x
Dividend
C$0.07
Dividend Yield
7.05%
Current Stock Chart for CWC ENERGY SERVICES CORP (CWC)

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cwc energy services corp (CWC) Details

CWC Energy Services Corp., a well servicing company, provides oilfield services in the Western Canadian Sedimentary Basin. It operates through two segments, Well Servicing and Other Oilfield Services. The Well Servicing segment offers rigs that are used for completion, production, workovers, abandonment services, and maintenance on producing oil and gas wells; and coil tubing services for workover operations, shallow drill outs, and extensions into producing zones. The Other Oilfield Services segment provides snubbing and stripping operations for operators working in fluid-sensitive formations, under-pressured reservoirs, naturally fractured reservoirs, and low-permeability sandstone reservoirs; and well testing services. As of March 20, 2014, the company operated a fleet of 8 telescopic double drilling rigs, 71 service rigs, 8 coil tubing units, 6 snubbing units, and 10 well testing packages. The company was formerly known as CWC Well Services Corp. and changed its name to CWC Energy Services Corp. in May 2014. CWC Energy Services Corp. is headquartered in Calgary, Canada.

cwc energy services corp (CWC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$279.9K
Chief Financial Officer
Total Annual Compensation: C$78.8K
Vice President of Business Development
Total Annual Compensation: C$187.8K
Vice President of Operations - Well Services ...
Total Annual Compensation: C$214.9K
Vice President of Operations - Well Services ...
Total Annual Compensation: C$194.9K
Compensation as of Fiscal Year 2013.

cwc energy services corp (CWC) Key Developments

CWC Energy Services Corp. Declares Quarterly Dividend, Payable on October 15, 2014; Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Capital Expenditure Guidance for 2014

CWC Energy Services Corp. announced that its Board of Directors has declared a quarterly dividend of $0.0175 per common share. The dividend will be paid on October 15, 2014 to shareholders of record on September 30, 2014. The ex-dividend date is September 26, 2014. The company approved an increase to the 2014 capital expenditure budget by $27.9 million, consisting of growth capital of $20.4 million and $7.5 million of maintenance and infrastructure capital. This brings the total 2014 approved capital budget to $45.6 million. The additional $20.4 million of growth capital consists of: one new telescopic double drilling rig complete with top drive (Rig 10); two new slant service rigs; and two shallow coil tubing units. Of this $27.9 million, $17.8 million is expected to be carried over into 2015 due primarily to long lead time items that are not expected to be received in 2014. The company reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue increased by $5.6 million to $20.5 million as compared to $14.8 million in the prior year quarter with $2.4 million of the increase coming from production services segment and $3.2 million coming from the first 46 days of operation of newly acquired contract drilling segment. EBITDAS was $1.2 million of $0.01 per basic and diluted share as compared to negative EBITDAS of $0.3 million or $0.00 per basic and diluted share in the prior year quarter. Funds from operations were $0.5 million against negative funds from operations of $0.3 million last year. Net loss was $3.2 million or $0.01 per basic and diluted share compared to net loss of $3.8 million or $0.02 per basic and diluted share for the quarter ended June 30, 2013. Cash flows from operating activities were $6 million against $12.1 million last year. For the six months, revenue increased by $5.6 million to $58.9 million as compared to $53.2 million in the prior year with $2.4 million of the increase coming from production services segment and $3.2 million coming from the first 46 days of operation of newly acquired contract drilling segment. EBITDAS was $10.6 million or $0.05 per diluted share for the first half of 2014 compared to $11.0 million or $0.07 per basic and diluted share in 2013 with the decrease being primarily due to higher field labor and fuel costs in the current year which could not be recovered from customers in a challenging pricing environment. Funds from operations were $9.8 million against funds from operations of $11 million last year. Net income decreased to $0.06 million or $0.00 per basic and diluted share as compared to $1.0 million or $0.01 per basic and diluted share in 2013. Cash flows from operating activities were $12.4 million against $17.8 million last year. Net debt was $41.8 million against $29.5 million at December 31, 2013. As at June 30, 2014, the company has spent $7.2 million of the $45.6 million 2014 capital budget.

CWC Energy Services Corp. to Report Q2, 2014 Results on Aug 14, 2014

CWC Energy Services Corp. announced that they will report Q2, 2014 results on Aug 14, 2014

CWC Well Services Corp. Declares Quarterly Dividend, Payable on July 15, 2014; Reports Earnings Results for the First Quarter Ended March 31, 2014; Provides Capital Expenditure Guidance for the Year 2014

CWC Well Services Corp. announced that its Board of Directors has declared a quarterly dividend of CAD 0.0175 per common share, an increase of CAD 0.00125 or 7.7% over the prior quarter's dividend. The dividend will be paid on July 15, 2014 to shareholders of record on June 30, 2014. The ex-dividend date is June 26, 2014. The company also reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of CAD 38,373,000 against CAD 38,378,000 a year ago. EBITDAS was CAD 9,383,000 compared to CAD 11,265,000 a year ago. Funds from operations were CAD 9,383,000 compared to CAD 11,265,000 a year ago. Net income was CAD 3,245,000 or CAD 0.02 per basic and diluted share compared to CAD 4,883,000 or CAD 0.03 per basic and diluted share a year ago. EBITDAS per basic and diluted share was CAD 0.06 against CAD 0.07 a year ago. During the three months ended March 31, 2014, the company had spent CAD 3.0 million of the CAD 17.8 million 2014 capital budget. Funds from operations per basic and diluted share were CAD 0.06 against CAD 0.7 a year ago. Net debt was CAD 26,258,000 against CAD 29,502,000 a year ago. Cash flows from operating activities were CAD 6,461,000 compared to CAD 5,778,000 a year ago. The board of directors has increased the approved capital expenditure budget by CAD 7.5 million for 2014 to CAD 17.8 million comprised of CAD 10.8 million of growth capital and CAD 7.0 million for maintenance and infrastructure capital.

 

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CWC

Industry Average

Valuation CWC Industry Range
Price/Earnings 41.6x
Price/Sales 1.7x
Price/Book 1.3x
Price/Cash Flow 12.7x
TEV/Sales 1.7x
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