Enterprise Group, Inc.
EPS Beat / Poised for Aggressive Expansion
Published: 5/13/2024
Author: FRC Analysts
Sector: Energy | Industry: Oil & Gas Equipment & Services
Ticker Symbols:E.TO - TSX 🔹ETOLF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $1.24 |
| Fair Value | CAD $1.62 |
| Risk | 3 |
| 52 Week Range | CAD $0.39-1.30 |
| Shares O/S (M) | 58 |
| Market Cap. (M) | CAD $72 |
| Current Yield (%) | N/A |
| P/E (forward) | 10.0 |
| P/B | 1.0 |
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Report Highlights
Highlights
- E is up 202% YoY, making it the best performing stock on our list of oilfield services companies.
- In Q1-2024, revenue was up 23% YoY, in line with our estimate. Revenue growth came from new contracts with tier-one clients.
- Following a $7M bought-deal financing in Q1, debt/capital decreased 11 pp QoQ to 45%.
- CAPEX increased 84% YoY to $5M, driven by heightened client demand necess
