Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEnteq Tech Share News (NTQ)

Share Price Information for Enteq Tech (NTQ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 7.75
Bid: 7.50
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 0.50 (6.667%)
Open: 7.75
High: 7.75
Low: 7.75
Prev. Close: 7.75
NTQ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Enteq Upstream Trading In Line As Earnings Rise In First Half

Tue, 14th Oct 2014 08:44

LONDON (Alliance News) - Enteq Upstream PLC Tuesday said trading in the first half was in line with expectations, with growth in both revenue and earnings before income, taxation, depreciation and amortisation in the period.

The oilfield services company said revenue in the first half to September 30 was approximately 45% of its full-year expectations, with both gross margins and costs as planned.

It said revenue and its adjusted EBITDA during the first six months has shown significant growth against the comparable period a year earlier.

The group said its North American land rig count remains stable at levels slightly ahead year-on-year, despite a recent fall in oil prices.

Enteq said its Directional Drilling and Measurement While Drilling arms won new customers in North America in the first half and is continuing to win repeat business from a number of independent directional drillers in the market.

During the first half, the company said it competed its first significant system shipments in China and the Middle East.

"The first half of this financial year has demonstrated further organic progress in the business as a result of on-going investment, integration and market development," said Enteq Chief Executive Officer Martin Perry.

"Our first sales into the high potential Chinese and Middle Eastern markets represent a notable development in our sales and marketing efforts," Perry added.

Enteq shares were trading flat 23.25 pence on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2014 Alliance News Limited. All Rights Reserved.

More News
29 Sep 2020 17:23

IN BRIEF: Enteq Interim Outturn Seen In Line With Management Forecasts

IN BRIEF: Enteq Interim Outturn Seen In Line With Management Forecasts

Read more
29 Sep 2020 10:26

Enteq 'satisfied' with pivot from US shale since year-end

(Sharecast News) - Energy services technology and equipment company Enteq reported a "satisfactory" trading recovery from the mid-March 2020 oil price slump and the effects of Covid-19 in a trading update on Tuesday.

Read more
18 Aug 2020 14:36

IN BRIEF: Enteq Upstream Signs Contract With Saudi Arabian Partner

IN BRIEF: Enteq Upstream Signs Contract With Saudi Arabian Partner

Read more
27 Jul 2020 18:12

IN BRIEF: Enteq And Black Gold Team To Develop Oil Services Technology

IN BRIEF: Enteq And Black Gold Team To Develop Oil Services Technology

Read more
1 Jul 2020 12:46

IN BRIEF: Enteq Upstream Loss Widens On Bruising One-Off Costs

IN BRIEF: Enteq Upstream Loss Widens On Bruising One-Off Costs

Read more
24 Jun 2020 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
7 May 2020 17:30

UK TRADING UPDATE SUMMARY: Filta Launches Covid-19 Sanitising Service

UK TRADING UPDATE SUMMARY: Filta Launches Covid-19 Sanitising Service

Read more
8 Apr 2020 14:46

UK TRADING UPDATE SUMMARY: Novacyt Gets WHO Covid-19 Test Kit Okay

UK TRADING UPDATE SUMMARY: Novacyt Gets WHO Covid-19 Test Kit Okay

Read more
25 Mar 2020 14:44

EXECUTIVE CHANGE SUMMARY: Fulller's Adds Former YO! Sushi CEO To Board

EXECUTIVE CHANGE SUMMARY: Fulller's Adds Former YO! Sushi CEO To Board

Read more
18 Dec 2019 16:50

Enteq Upstream Receives UK Patent For Its PowerHop Technology

Enteq Upstream Receives UK Patent For Its PowerHop Technology

Read more
14 Nov 2019 14:03

Enteq Upstream Optimistic As Focus Shifts Away From North America

Enteq Upstream Optimistic As Focus Shifts Away From North America

Read more
25 Sep 2019 09:58

Enteq Upstream's interim revenues and earnings set to double

(Sharecast News) - Oilfield services and equipment supplier Enteq Upstream said on Wednesday that both interim revenues and adjusted underlying earnings were likely to be ahead of management expectations.

Read more
10 Sep 2019 12:55

Enteq Upstream Licences Shell's Technology For New Drilling System

(Alliance News) - Enteq Upstream PLC on Tuesday said that it has signed an agreement to licence Royal Dutch Shell PLC's technology for manufacturing a rotary steerable drilling oilfield and a

Read more
12 Jun 2019 11:29

Enteq Reports Improved Annual Performance In Stable Oil & Gas Market

(Alliance News) - Drilling technology firm Enteq Upstream PLC on Wednesday reported a narrowed annual loss following "significant" revenue growth.Enteq posted a pretax loss of for

Read more
17 Apr 2019 11:01

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

(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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.