Enteq Upstream (NTQ)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE AIM All-Share

 26.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 31.00p
  • 52 Week Low: 19.00p
  • Currency: UK Pounds
  • Shares Issued: 65.49m
  • Volume: 0
  • Market Cap: £17.35m
  • Beta: 0.00

Enteq trading in line with management expectations

By Josh White

Date: Wednesday 26 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Oilfield services technology and equipment supplier Enteq updated the market at its annual general meeting on Wednesday, reporting that year-to-date trading was in line with management expectations, building from the levels of revenue and adjusted positive EBITDA achieved during the second half of the previous year.
The AIM-traded firm said incremental sales had been made to new customers for rental equipment in North America and measurement while drilling (MWD) systems in the international markets.

It said it had maintained its investment in technology, including a collaborative development of a seamless 'At-Bit' solution, which was now commercially available.

That provided critical measurements from immediately behind the drill bit for faster drilling responses, the firm explained.

"Spending has increased on internal R&D projects as well as adding resource to the previously announced UK government funded project," Enteq's board said in its statement.

"Patent applications relating to both novel methods of data communication and power transfer in the drill-string have now been published and further patent applications are in the process of being filed."

Since the year-end, further investment of cash had been made in the rental fleet of MWD systems and in strategic inventory.

The head count in the business was said to be "cautiously" increasing, primarily in the areas of R&D and production.

"If the sector remains stable, Enteq is confident of further profitable market penetration and will continue to invest in all areas of opportunity.

"The company plans to release its interim results for the six months ending 30 September on 15 November."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Enteq Upstream Market Data

Currency UK Pounds
Share Price 26.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 31.00p
52 Week Low 19.00p
Volume 0
Shares Issued 65.49m
Market Cap £17.35m
Beta 0.00

Enteq Upstream Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.13% below the market average21.13% below the market average21.13% below the market average21.13% below the market average21.13% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
51.42% above the market average51.42% above the market average51.42% above the market average51.42% above the market average51.42% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
47.85% above the market average47.85% above the market average47.85% above the market average47.85% above the market average47.85% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Enteq Upstream Dividends

No dividends found

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

Enteq Upstream Key Personnel

CEO Martin G. Perry
COO Raymond Garcia
Chair Iain S. Paterson
Finance Director David Steel

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