Ensign Energy Services (ESI) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Ensign Energy Services (TSE:ESI) issued its quarterly earnings data on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.06, ARN reports.
On a related note, analysts at Barclays downgraded shares of Ensign Energy Services from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, May 21st. They now have a C$14.00 price target on the stock, down previously from C$17.00. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$18.13.
Ensign Energy Services (TSE:ESI) opened at 16.86 on Tuesday. Ensign Energy Services has a 52-week low of $15.42 and a 52-week high of $18.44. The stock’s 50-day moving average is $17.15 and its 200-day moving average is $16.75. The company has a market cap of $2.574 billion and a price-to-earnings ratio of 21.20.
Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industry in Canada, the United States and internationally.
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