Last C$2.11 CAD
Change Today -0.02 / -0.94%
Volume 95.4K
ESN On Other Exchanges
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As of 4:00 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

essential energy services lt (ESN) Snapshot

Open
C$2.14
Previous Close
C$2.13
Day High
C$2.14
Day Low
C$2.10
52 Week High
11/26/13 - C$3.19
52 Week Low
10/16/14 - C$1.95
Market Cap
265.5M
Average Volume 10 Days
258.5K
EPS TTM
C$0.14
Shares Outstanding
125.9M
EX-Date
09/26/14
P/E TM
15.1x
Dividend
C$0.12
Dividend Yield
5.69%
Current Stock Chart for ESSENTIAL ENERGY SERVICES LT (ESN)

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essential energy services lt (ESN) Details

Essential Energy Services Ltd., together with its subsidiaries, provides oilfield services for producing wells and new drilling activity to oil and gas producers in western Canada and the United States. It operates through two segments, Well Servicing and Downhole Tools & Rentals. The Well Servicing segment offers well completion, and production and workover services through its fleet of coil tubing rigs, nitrogen and fluid pumpers, service rigs, and rod rigs. As of March 5, 2014, its Canadian fleet included 47 coil tubing rigs, 14 nitrogen pumpers, 18 fluid pumpers, 55 service rigs, and 13 rod rigs. The Downhole Tools & Rentals segment is engaged in the sale and rental of downhole tools, including the Tryton multi-stage fracturing system, conventional packers, tubing anchors, bridge plugs, cement retainers, and related accessories; and rental of oilfield equipment, such as specialty tubulars, blow out preventers, specialty rental equipment for the steam-assisted gravity drainage market, and various other tools and handling equipment. It also exports downhole tools and services internationally. This segment serves oil and gas producers, drilling contractors, service rig contractors, and rental companies. Essential Energy Services Ltd. is headquartered in Calgary, Canada.

1,063 Employees
Last Reported Date: 03/6/14

essential energy services lt (ESN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$381.2K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$168.5K
Chief Operating Officer
Total Annual Compensation: C$308.7K
Senior Vice President of Operations
Total Annual Compensation: C$262.9K
Senior Vice President of Corporate
Total Annual Compensation: C$260.0K
Compensation as of Fiscal Year 2013.

essential energy services lt (ESN) Key Developments

Essential Energy Services Ltd. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014

Essential Energy Services Ltd. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 . Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Essential Energy Services Ltd. Presents at Peters & Co 18th Annual Energy Conference, Sep-11-2014 11:00 AM

Essential Energy Services Ltd. Presents at Peters & Co 18th Annual Energy Conference, Sep-11-2014 11:00 AM. Venue: The Ritz-Carlton, 181 Wellington Street West, Toronto, Ontario, Canada.

Essential Energy Services Ltd. Announces Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Capital Budget Guidance for the Year 2014

Essential Energy Services Ltd. announced unaudited consolidated financial results for the second quarter and half year ended June 30, 2014. For the quarter, revenue was $52,752,000 against $38,417,000 a year ago. Operating loss from continuing operations was $6,912,000 against $11,633,000 a year ago. Loss before income tax from continuing operations was $7,393,000 against $12,035,000 a year ago. Net loss from continuing operations was $5,425,000 or $0.04 per basic and diluted share against $8,958,000 or $0.07 per basic and diluted share a year ago. Net loss attributable to shareholders of the company was $5,425,000 or $0.04 per basic and diluted share against $11,501,000 or $0.09 per basic and diluted share a year ago. EBITDAS from continuing operations was $440,000 against LBITDAS from continuing operations of $5,171,000 a year ago. The EBITDAS increase was driven by improved activity across both segments and lower operating expenses as a percentage of revenue. Total equipment expenditures were $8,124,000 against $11,880,000 a year ago. The strong second quarter revenue was due to increased customer demand, supported by a less severe spring break-up compared to the prior quarter. Increase of 84% in revenue was driven by demand for masted deep coil rigs with utilization at 42% and improved revenue from fluid and nitrogen pumpers. For the half year, revenue was $156,482,000 against $158,936,000 a year ago. Operating profit from continuing operations was $7,404,000 against $14,539,000 a year ago. Income before income tax from continuing operations was $6,490,000 against $13,761,000 a year ago. Net income from continuing operations was $4,724,000 or $0.04 per basic and diluted share against $10,247,000 or $0.08 per basic and diluted share a year ago. Net income attributable to shareholders of the company was $4,724,000 or $0.04 per basic and diluted share against $7,126,000 or $0.06 per basic and diluted share a year ago. Net cash provided by operating activities from continuing operations was $36,755,000 against $45,214,000 a year ago. Purchase of property, equipment and intangibles was $19,172,000 against $18,704,000 a year ago. EBITDAS from continuing operations was $22,947,000 against $28,254,000 a year ago. The EBITDAS impact of lower revenue during the first quarter 2014 was somewhat offset by improved revenue and activity in both well servicing and downhole tools & rentals during the second quarter. Essential's 2014 capital budget of $53 million is comprised of $36 million in growth capital and $17 million of maintenance capital. Growth capital consists primarily of expenditures to expand Essential's masted deep coil tubing fleet and to purchase additional rental equipment.

 

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Price/Earnings 13.8x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 5.4x
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