Brief: Ensign Energy Services Inc Reports 2019 Second Quarter Results

Ensign Energy Services

06/08/2019 14:38

Aug 6 (Reuters) - Ensign Energy Services Inc  ESI.TO :
    * . REPORTS 2019 SECOND QUARTER RESULTS
    * Q2 LOSS PER SHARE C$0.20
    * Q2 REVENUE C$377.7 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
C$410.1 MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE C$-0.14 -- REFINITIV IBES
DATA
    * OUTLOOK FOR OILFIELD SERVICES INDUSTRY REMAINS GENERALLY
UNCHANGED FOR 2019
    * EXPECT DRILLING RIG COUNT WILL REMAIN RELATIVELY FLAT OR
DECLINE
SLIGHTLY FOR REMAINDER OF YEAR IN U.S.
    * ENSIGN ENERGY SERVICES - CO CONTINUES TO FOCUS ON REDUCING
ITS
COST STRUCTURE, TARGETING ANNUALIZED COST SAVINGS OF $40.0
MILLION FROM TRINIDAD ACQUISITION AND REDUCTION OF NET DEBT FOR
REMAINDER OF YEAR.

Source text for Eikon:  ID:nCNWpW7Fca 
Further company coverage:  ESI.TO 

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