Ensign Energy Services (ESI) Set to Announce Earnings on Friday

Ensign Energy Services (TSE:ESI) is set to release its earnings data before the market opens on Friday, November 1st. Analysts expect Ensign Energy Services to post earnings of C$0.04 per share for the quarter.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. The business had revenue of C$391.79 million during the quarter, compared to analysts’ expectations of C$387.80 million.

Ensign Energy Services Trading Up 1.5 %

Shares of ESI stock opened at C$2.78 on Friday. Ensign Energy Services has a fifty-two week low of C$1.94 and a fifty-two week high of C$3.02. The stock has a market cap of C$510.60 million, a P/E ratio of 23.17, a P/E/G ratio of 202.94 and a beta of 3.05. The business has a fifty day simple moving average of C$2.59 and a 200-day simple moving average of C$2.45. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50.

Insider Buying and Selling

In related news, Director Donna Jeanne Carson acquired 17,443 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was purchased at an average price of C$2.87 per share, for a total transaction of C$50,061.41. In other Ensign Energy Services news, Director Donna Jeanne Carson purchased 17,443 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were purchased at an average cost of C$2.87 per share, with a total value of C$50,061.41. Also, Senior Officer Michael Gray purchased 11,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. In the last quarter, insiders purchased 43,443 shares of company stock worth $108,865. 44.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ESI. BMO Capital Markets dropped their price target on Ensign Energy Services from C$3.50 to C$3.25 in a research report on Friday, October 4th. TD Securities dropped their price objective on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Ensign Energy Services presently has an average rating of “Moderate Buy” and a consensus price target of C$3.58.

Ensign Energy Services Company Profile

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.