Ensign Energy Services (ESI) Scheduled to Post Quarterly Earnings on Monday

Ensign Energy Services (TSE:ESI) will post its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Ensign Energy Services to post earnings of C$0.05 per share for the quarter.

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

Ensign Energy Services Price Performance

Shares of TSE ESI opened at C$2.50 on Friday. The company has a market cap of C$457.20 million, a price-to-earnings ratio of 11.36, a PEG ratio of 202.94 and a beta of 3.10. The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 94.00. Ensign Energy Services has a 12 month low of C$1.77 and a 12 month high of C$3.78. The stock has a 50-day moving average price of C$2.51 and a two-hundred day moving average price of C$2.33.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. CIBC upped their price objective on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the company a “neutral” rating in a report on Monday, April 22nd. BMO Capital Markets raised their target price on Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus increased their price target on Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a “hold” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$4.18.

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.