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Share Price Information for Enteq Tech (NTQ)

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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
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Enteq Upstream widens annual loss

Fri, 13th Jun 2014 15:13

Oil and gas drilling technology company Enteq Upstream widened its annual losses on the back of the acquisition of KMS.The group reported a loss before tax of $11.5m for the year to end of March 2014, up from a loss of $0.6m a year earlier, reflecting a $9.8m impairment charge of goodwill and intangible assets related to the acquisition of oil technology firm KMS.Nevertheless, the firm delivered a like-for-like increase in revenues of 24% to $24.6m during the year, resulting in an adjusted earnings per share of $0.22, compared to the prior year's loss of $0.8. The total revenue for the year was predominantly sensor, electronic and mechanical component sales, however, 17% of revenue related to sales of complete systems. "Our results for the financial year ended March 2014 show pleasing like-for-like annual growth from a stabilised North American drilling market which is believed to have good prospects in 2014," said Chief Executive Martin Perry."Through investment in technology, product line extension and geographic diversification, Enteq continues to expand its customer offering and addressable market. We have been successful with early expansion of the business beyond North America, and the new agreement in China represents a significant opportunity. "With the security of a strong balance sheet we continue to focus on growing the drilling technology business organically and through the addition of complementary product lines."RD
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17 Apr 2019 10:49

WINNERS & LOSERS SUMMARY: Bunzl Down On Slow Revenue Growth

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------DS up it

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17 Apr 2019 09:43

Enteq Upstream Shares Up With Annual Earnings Set To Beat Expectations

LONDON (Alliance News) - Shares rose in Enteq Upstream PLC on Wednesday as it guided for earnings for its recently ended financial year to be ahead of management expectations.Shares in the

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5 Mar 2019 17:32

City Financial Investment Divests Entire Enteq Upstream Stake (ALLISS)

LONDON (Alliance News) - Enteq Upstream PLC said Tuesday that City Financial Investment Co Ltd divested its entire stake in the company in a deal completed on Monday.Prior to the sale, City

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20 Feb 2019 14:51

Enteq lifts expectations again after bumper second half

(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.

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20 Feb 2019 08:38

Enteq Upstream Shares Up As Annual Earnings To Beat Expectations

LONDON (Alliance News) - Shares in Enteq Upstream PLC rose on Wednesday as it said earnings and revenue for its current financial year are expected to be ahead of management in the oilfield rose

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5 Dec 2018 11:49

Enteq Upstream Files UK Patent Application For New Measurement Tool

LONDON (Alliance News) - Enteq Upstream PLC said Wednesday it has filed a new UK patent application for a "real-time azimuth and inclination measurement tool".The patent is a of a

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26 Sep 2018 15:37

Enteq trading in line with management expectations

(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.

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26 Sep 2018 11:07

Enteq Upstream Says Year-To-Date Trading In Line With Expectations

LONDON (Alliance News) - Enteq Upstream PLC said on Wednesday its year-to-date trading is in line with management expectations.The oilfield services and equipment supplier said it built on

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13 Jun 2018 10:28

Enteq Upstream Narrows Loss As North American Oil Rig Numbers Rebound

LONDON (Alliance News) - Enteq Upstream PLC said Wednesday it nearly halved its annual loss due to stabilisation in the North American market.Shares in Enteq Upstream were down 12% at 33.00

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16 May 2018 16:50

Platform Securities Takes Enteq Upstream Stake To 5% (ALLISS)

LONDON (Alliance News) - Enteq Upstream PLC said Wednesday that PR Evershed took his holding in the company to 5.0%.The holding of Evershed in the oilfield services supplier before the was

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18 Apr 2018 11:32

Enteq Stock Rises As It Expects Earnings, Revenue To Beat Expectations

LONDON (Alliance News) - Shares in Enteq Upstream PLC spiked Wednesday as the oilfield services supplier said revenue and earnings were "significantly" ahead of expectations for its year

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16 Sep 2016 10:09

Enteq Issues Discounted Shares To Ex-Chairman Neil Warner (ALLISS)

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15 Jun 2016 07:53

Enteq Upstream Chairman To Step Down To Save Costs As Revenue Drops

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20 Apr 2016 07:06

Enteq Upstream To Hit Expectations As It Downsizes Board To Cut Costs

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13 Nov 2015 08:26

Enteq Upstream Loss Narrows But Revenue Plunges On Weak Markets

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