Added to YB: 2024-01-11
Pitch date: 2024-01-11
ESI.TO [bullish]
Ensign Energy Services Inc.
+6.36%
current return
Author Info
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 443.0M
Pitch Price
CAD 2.20
Price Target
4.00 (+71%)
Dividend
N/A
EV/EBITDA
3.67
P/E
-9.66
EV/Sales
0.85
Sector
Energy Equipment and Services
Category
turnaround
Almost Mongolian holding: $ESI.TO
$ESI.TO: Unloaded shares at $1.9-$2.1 to cut cost basis; sees $4 PT but will exit at $700-800M mkt cap in '24. Trades on sentiment due to leverage & no divs/buybacks. Expects debt paydown & higher oil to drive re-rating closer to $1.67B EV. 40-70% FCF yield & insider buys at higher prices.
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