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TSE:ESI
It is in the energy services business.There has been a big drop in the rig count in the U.S. However the number of uncompleted holes is at a ten year low so new drilling will be needed. Also the price of natural gas is recovering. It is generating $200 million in free cash flow this year and the market cap is $400 million.
He first bought it at 50 cents and it has had a bumpy ride through the years. It is now trading at an attractive yield with a $400 million value and $200 million in free cash flow this year. This gives it a very good 2 X free cash flow multiple. It will likely be using this cash to pay down debt.
It recently reported its best best first quarter since 2014 and is on track for its first positive year since then, even though it acquired a lot more debt. At $2 per share the market is valuing it at 400 million. It expects to have 200 million in free cash flow this year so it would be trading at 2X free cash flow. With this money it could buy back half its shares in one year or pay a very large dividend of perhaps $0.50 per share. However the company is planning to pay back debt which is good since it will increase the equity value. Buy 5 Hold 4 Sell 0
(Analysts’ price target is $4.81)Ensign Resource Service Group is a Canadian stock, trading under the symbol ESI.TO (previously ESI-T on Stockchase) on the Toronto Stock Exchange (ESI-CT). It is usually referred to as TSX:ESI or ESI.TO
In the last year, no analyst issued a Buy, Sell, or Hold rating on ESI.TO (previously ESI-T on Stockchase) on Stockchase. Read the latest expert commentary for Ensign Resource Service Group.
Ensign Resource Service Group was recommended as a Top Pick by Teal Linde on 2020-12-21. Read the latest stock experts ratings for Ensign Resource Service Group.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Ensign Resource Service Group.
Ensign Resource Service Group is followed by 93 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-19, Ensign Resource Service Group (ESI.TO) stock closed at a price of $3.60.
It has been a very volatile stock. The price is lower than a few years ago even though the debt situation is better now along with higher natural gas and oil prices. Analysts are targeting a price increase of 125% over the next 12 months.