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Last C$1.13 CAD
Change Today +0.01 / 0.89%
Volume 299.7K
As of 2:37 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

essential energy services lt (ESN) Snapshot

Open
C$1.14
Previous Close
C$1.12
Day High
C$1.18
Day Low
C$1.12
52 Week High
05/6/14 - C$2.99
52 Week Low
03/31/15 - C$1.00
Market Cap
142.2M
Average Volume 10 Days
166.1K
EPS TTM
C$0.10
Shares Outstanding
125.8M
EX-Date
03/27/15
P/E TM
11.3x
Dividend
C$0.12
Dividend Yield
10.62%
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 activities of 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, service rigs, fluid and nitrogen pumpers, and ancillary equipment. This segment operates through a fleet of 19 masted coil, 17 conventional coil, 18 fluid pumpers, 14 nitrogen pumpers, and 1 reel trailer rigs. The Downhole Tools & Rentals segment offers open hole and cemented-in multi-stage frac systems; and rents oilfield equipment to oil and gas producers, drilling contractors, service rig contractors, and rental companies. The company is based in Calgary, Canada.

996 Employees
Last Reported Date: 03/4/15

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 Corporate
Total Annual Compensation: C$262.9K
Senior Vice President of Business Development
Total Annual Compensation: C$260.0K
Compensation as of Fiscal Year 2013.

essential energy services lt (ESN) Key Developments

Essential Energy Services Ltd. to Report Q1, 2015 Results on May 05, 2015

Essential Energy Services Ltd. announced that they will report Q1, 2015 results on May 05, 2015

Essential Energy Services Ltd. Plans to Cut Staff

Essential Energy Services Ltd. will cut salaries and reduce staff in order to trim costs in the face of the ongoing industry downturn. Effective this month, Essentials salaried employees will see both pay rollbacks and suspension of some incentives and benefits. Company executives will see their salaries cut 20%, and fees to Essentials board members will see a similar cut. Reductions will also affect the company's advertising, consulting and administrative costs. Management hopes the changes will trim $10 million from the company's annual budget.

Essential Energy Services Ltd. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Capital Budget Guidance for 2015; Announces Impairment Charge on Goodwill for the Fourth Quarter Ended December 31, 2014

Essential Energy Services Ltd. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Revenue for the fourth quarter of 2014 was $98.9 million, $6.0 million or 6% higher than the fourth quarter of 2013. Activity was strong for the first two months of the quarter, but weaker in December as lower oil prices impacted customer activity. EBITDAS for the fourth quarter of 2014 was $22.0 million, an improvement of $1.3 million or 6% from the fourth quarter of 2013 due to the increase in revenue. Net cash provided by operating activities from continuing operations was $24,602,000 against $47,276,000 for the same period a year ago. Funds flow provided by operations was $19,186,000 or $0.15 per basic and diluted share against $14,784,000 or $0.12 per basic and diluted share for the same period a year ago. Total equipment expenditures were $16,015,000 against $15,642,000 for the same period in the last year. Net loss attributable to shareholders of the company was $38,323,000 or $0.30 per basic and diluted share against net income attributable to shareholders of the company of $11,126,000 or $0.09 per basic and diluted share for the same period a year ago. The firm noted that activity was strong for the first two months of the quarter but weaker in December, as lower oil prices affected customer activity. For the year, the company reported revenue of $351,472,000 against $336,269,000 for the same period a year ago. Operating loss from continuing operations was $10,785,000 against operating profit from continuing operations of $32,959,000 for the same period a year ago. Loss before income taxes from continuing was $12,597,000 against operations income before income taxes from continuing operations of $31,325,000 for the same period a year ago. Net loss from continuing operations was $22,822,000 or $0.18 per basic and diluted share against net income from continuing operations of $24,017,000 or $0.19 per basic and diluted share for the same period a year ago. Net loss attributable to shareholders of the company was $22,822,000 or $0.18 per basic and diluted share against net income attributable to shareholders of the company of $22,095,000 or $0.18 per basic share and $0.17 per diluted share for the same period a year ago. Net cash provided by operating activities from continuing operations was $44,842,000 against $47,276,000 for the same period a year ago. Purchase of property, equipment and intangible assets was $45,824,000 against $46,600,000 for the same period a year ago. For the year, EBITDAS was $67.6 million, ahead of $66.1 million in 2013. Well servicing revenue increased over 2013 as the company realized incremental revenue from the deployment of the new masted coil tubing rigs and increased fluid and nitrogen pumper utilization. Funds flow provided by operations was $60,070,000 or $0.48 per basic and diluted share against $56,037,000 or $0.45 per basic share and $0.44 per diluted share for the same period a year ago. The company’s 2015 capital budget of $21 million, announced on January 6, 2015, is comprised of $13 million growth capital and $8 million maintenance capital. The company’s 2015 growth capital consists primarily of four Generation IV masted coil tubing rigs, two of which are expected to be in service in 2015 and two in the first half of 2016. The company announced impairment charge on goodwill for the fourth quarter ended December 31, 2014. For the quarter, the company reported impairment charge on goodwill of $43.9 million.

 

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