Enteq Upstream (NTQ)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE AIM All-Share

13.00p
   
  • Change Today:
      1.25p
  • 52 Week High: 31.00
  • 52 Week Low: 10.90
  • Currency: UK Pounds
  • Shares Issued: 65.85m
  • Volume: 350,148
  • Market Cap: £8.56m

Enteq says profits 'materially ahead of expectations', ups guidance again

By Iain Gilbert

Date: Wednesday 17 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Oilfield services outfit Enteq saw better than anticipated trading in the tail end of the financial year, with earnings now expected to top previous estimates.
Enteq told investors on Wednesday that trading had been stronger than expected in the period between its previous update on 20 February and the end of its financial year on 31 March, with underlying EBITDA now looking set to be "materially ahead of the board's previously upwards revised expectations."

In addition to new business in North America, international sales continued to grow, with the AIM-listed firm now expecting to report revenues of approximately $10.0m.

Enteq's cash balance on the other hand declined 23% on the back of investments made in its rental fleet, engineering projects and product development.

"Within the relative stable current market, the board believes that this on-going investment strategy can result in further incremental opportunities," said Enteq.

As of 1100 BST, Enteq shares had shot up 24.49% to 30.50p.

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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 13.00p
Change Today 1.25p
% Change 10.64 %
52 Week High 31.00
52 Week Low 10.90
Volume 350,148
Shares Issued 65.85m
Market Cap £8.56m

Enteq Upstream Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.66% above the market average56.66% above the market average56.66% above the market average56.66% above the market average56.66% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
83.76% below the market average83.76% below the market average83.76% below the market average83.76% below the market average83.76% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income Not Available
Growth
50.16% above the market average50.16% above the market average50.16% above the market average50.16% above the market average50.16% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% 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 03-Jun-2020

Time Volume / Share Price
15:33 62,484 @ 12.00p
16:29 26,846 @ 13.38p
16:24 7,500 @ 13.38p
16:23 2,500 @ 13.25p
16:20 25,000 @ 12.55p

Enteq Upstream Key Personnel

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

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