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 ...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Patterson-UTI Energy, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 16 September 2024 in which we reassessed the appropriateness of the ratings in t...
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...
Moody's Investors Service ("Moody's") assigned a Baa3 rating to Patterson-UTI Energy, Inc.'s (Patterson) proposed $400 million of senior unsecured notes due 2033. Patterson's other ratings and stable outlook remain unchanged. Patterson will use net proceeds from the notes issuance to repay borrowi...
Moody's Investors Service ("Moody's") commented that Patterson-UTI Energy, Inc.'s (Patterson) acquisition of Ulterra Drilling Technologies, L.P. (Ulterra) does not currently affect Patterson's ratings or outlook (Baa3 stable). The announcement of this acquisition follows Patterson's announcement la...
Moody's Investors Service (Moody's) commented that Patterson-UTI Energy, Inc.'s (Patterson) all-stock merger with NexTier Oilfield Solutions Inc. (NexTier) does not affect Patterson's ratings (Baa3 stable). The transaction, which has a combined enterprise value of about $5.4 billion, will enhance t...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.