Enteq Upstream (NTQ)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE AIM All-Share

 26.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 31.00
  • 52 Week Low: 19.00
  • Currency: UK Pounds
  • Shares Issued: 65.49m
  • Volume: 15,000
  • Market Cap: £17.35m
  • Beta: 0.00

Enteq lifts expectations again after bumper second half

By Josh White

Date: Wednesday 20 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Oilfield services technology and equipment supplier Enteq Upstream announced a pre-close trading update ahead of its financial year ending 31 March on Wednesday, reporting that both full-year revenue and underlying EBITDA were expected to be "materially ahead" of its expectations.
The AIM-traded firm said that, further to its announcement on 8 January in which it indicated growth in both its international drilling sector, including geothermal), and in North America, it now expected that revenues in the second half would be up about 25% on the $4.2m reported in the first half.

It said full-year revenue growth would be approximately 50% up on the $6.5m reported in prior year.

"Enteq has continued investment in the expansion of the rental fleet, new technology partnerships and in internal new product development," the board said in its statement.

"This will result in a cash balance expected to be around $11.0m at the year end, up from $15.3m.

"The balance sheet net assets at 31 March are expected to be approximately $23.3m, up from $23.6m."

Enteq said its view was that the market remained stable, adding that it expected to report its full-year results for the year ended 31 March on 12 June.

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Enteq Upstream Market Data

Currency UK Pounds
Share Price 26.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 31.00
52 Week Low 19.00
Volume 15,000
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
20% below the market average20% below the market average20% below the market average20% below the market average20% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
52.62% above the market average52.62% above the market average52.62% above the market average52.62% above the market average52.62% 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
47.97% above the market average47.97% above the market average47.97% above the market average47.97% above the market average47.97% 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 16-Sep-2019

Time Volume / Share Price
08:14 15,000 @ 26.90p

Enteq Upstream Key Personnel

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

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