Two Directors at Enterprise Group Inc sold 160,000 shares at between 0.000CAD and 2.310CAD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
What you need to know: • Since our last note in May, there have been 10 additional takeouts in Canadian small-caps, most of which coming in a significant premiums. • The new acquisitions largely fit within the framework outlined in previous reports. • Our potential takeouts portfolio is up 43% since inception (November 2023) and 17% since our last note, compared to the TSX up 18% and 3% respectively. We review the biggest winners and losers in the portfolio and present a list of new ideas on ou...
Enterprise Group Inc. has seen a remarkable 216% increase in its stock price YoY, making it the top performer among oilfield services companies. In Q2-2024, the company reported a 41% YoY revenue increase, exceeding expectations by 9%, primarily due to new contracts with tier-one clients. This surge in revenue led to a positive EPS, beating estimates by 25%. The company’s CAPEX for H1-2024 rose by 56% YoY to $10M, reflecting the need for additional equipment to meet growing client demand. Enter...
What you need to know: • We anticipate oil prices to remain within the US$80-$90 range, which will sustain the current uptick in E&P capital expenditure and foster a strong environment for oilfield services firms. • Our peer group continues to trade at deep-value multiples; currently at 4.5x/4.0x 2024E/2025E EBITDA. • We highlight a few of our favourite small-cap names that we believe have significant upside as we move into H2/24. Following our last oilfield services thematic note (published i...
We are excited to share our latest equity research report on Enterprise Group, Inc. (E.TO/ETOLF), In this report, we examine how Enterprise Group has achieved significant growth, with its stock price increasing by 202% year-over-year.
What you need to know: • Over the past two months, there have been seven takeouts of Canadian small/mid-caps. We think this demonstrates the major disconnect between fundamentals and valuation in the market today which financial and strategic buyers are taking advantage of. • We outline six common characteristics of the acquisitions in order to create a framework for finding the next one and provide a list of stocks that meet the criteria. What’s Going On Here? Over the past two months, we have...
St. Albert, Alberta--(Newsfile Corp. - May 13, 2021) - Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q1 2021 results. Three months March 31, 2021 Three months March 31, 2020 Revenue$5,859,287$6,986,550Gross margin$2,726,358$2,849,296Gross margin %47%41%EBITDA(1)$2,392,768$2,306,444Net income and comprehensive income$93,639$504,695Income per share $0.00$0.01 (1) Identified and defined under "Non-IFRS Measures".The downturn in the energy industry, compound...
St. Albert, Alberta--(Newsfile Corp. - March 12, 2021) - Enterprise Group, Inc. (TSX: E) ("Enterprise," or "the Company"), a consolidator of services to the energy sector; focused primarily on construction services and specialized equipment rental, today released its Q4 2020 and FY2020 results.OVERALL PERFORMANCE AND RESULTS OF OPERATIONSThree months December 31, 2020Three months December 31, 2019Year ended December 31, 2020Year ended December 31, 2019 Revenue$3,883,145$5,349,256$15,520,105$19,521,797 Gross margin$1,787,065$1,556,653$5,194,638$5,044,970 Gross margin %46%29%34%26% EBITDA(1)$1,...
St. Albert, Alberta--(Newsfile Corp. - November 13, 2020) - Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q3 2020 results.Three months September 30, 2020Three months September 30, 2019Nine months September 30, 2020Nine months September 30, 2019Revenue$2,505,840$3,830,847$11,636,960$14,172,541Gross margin$352,221$352,043$3,407,573$3,488,313Gross margin %14%9%29%25%EBITDA(1)$11,425$(183,188)$2,301,716$1,847,235Net loss and comprehensive loss$(1,555,677)$(2,2...
St. Albert, Alberta--(Newsfile Corp. - October 9, 2020) - Enterprise Group, Inc. (TSX: E) ("Enterprise," or "the Company"), a consolidator of services to the energy sector; focused primarily on construction services and specialized equipment rental, today announced the expansion of its natural gas power generation assets.Enterprise has acquired an additional $1,700,000 of natural gas power generation assets to compliment the Company's existing fleet.Natural gas power generation is environmentally friendly, improves reliability and can be a more cost-effective alternative to diesel power genera...
St. Albert, Alberta--(Newsfile Corp. - August 19, 2020) - Enterprise Group, Inc. (TSX: E) ("Enterprise," or "the Company") announces that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding common shares of the Company ("Shares") on the open market in accordance with the rules of the TSX.The Company is authorized to purchase up to 3,393,599 Shares under the normal course issuer bid, representing 10% of its public float, as of August 13, 2020. As of that date, there were 49,912,374 Shares issued and outstanding. ...
St. Albert, Alberta--(Newsfile Corp. - August 14, 2020) - Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q2 2020 results.Three months June 30, 2020Three monthsJune 30, 2019Six months June 30, 2020Six months June 30, 2019Revenue$2,144,570$3,192,272$9,131,120$10,341,694Gross margin$206,054$64,794$3,055,353$3,136,273Gross margin %10%2%33%30%EBITDA(1)$(16,154)$(531,379)$2,290,293$2,030,425Net loss and comprehensive loss$(1,844,963)$(2,234,060)$(1,340,265)$(1,54...
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