Atb Cap Markets Research Analysts Decrease Earnings Estimates for Ensign Energy Services Inc. (TSE:ESI)

Ensign Energy Services Inc. (TSE:ESI) – Equities researchers at Atb Cap Markets reduced their Q3 2024 earnings per share estimates for shares of Ensign Energy Services in a note issued to investors on Monday, May 6th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.07. The consensus estimate for Ensign Energy Services’ current full-year earnings is $0.20 per share.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a “hold” rating in a research note on Monday, March 4th. Royal Bank of Canada lowered their price target on Ensign Energy Services from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research report on Tuesday. BMO Capital Markets increased their price objective on Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, CIBC lifted their target price on Ensign Energy Services from C$3.25 to C$3.75 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$4.11.

Ensign Energy Services Stock Down 0.9 %

ESI stock opened at C$2.30 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 94.00. Ensign Energy Services has a 52 week low of C$1.77 and a 52 week high of C$3.78. The stock has a market capitalization of C$420.62 million, a PE ratio of 10.45, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10. The firm has a 50 day moving average of C$2.52 and a 200 day moving average of C$2.31.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings results on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.14. The business had revenue of C$430.54 million for the quarter, compared to analyst estimates of C$444.50 million. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%.

About Ensign Energy Services

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.