Added to YB: 2026-05-12
Pitch date: 2026-05-08
ESI.TO [neutral]
Ensign Energy Services Inc.
Author Info
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Company Info
Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the oil and natural gas industries in Canada, the United States, and internationally.
Market Cap
CAD 681.2M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.57
P/E
-12.77
EV/Sales
1.01
Sector
Energy Equipment and Services
Category
turnaround
Ensign Energy Services Inc. Q1 2026 Update – ESI.TO
ESI.TO (earnings): Q1 rev $418M (-4% YoY), adj EBITDA $94.8M (-7%), 22.7% margin. Marketed rigs down 8% to 171, but mgmt sees tighter Canada market by late summer (30→50 rigs) + 2-3 US rig adds next 6mo. Venezuela expanding to 3 rigs by YE26. FY26 capex $162M maint + $79M upgrades (customer-funded $58M). Targeting $125M debt reduction. Trades 4.1x EV/2026E EBITDA.
Read full article (3 min)