Q2 2022 EPS Estimates for Ensign Energy Services Inc. (TSE:ESI) Increased by Stifel Firstegy

Ensign Energy Services Inc. (TSE:ESIGet Rating) – Research analysts at Stifel Firstegy increased their Q2 2022 earnings estimates for Ensign Energy Services in a research note issued on Monday, May 9th. Stifel Firstegy analyst C. Pereira now forecasts that the company will earn ($0.16) per share for the quarter, up from their previous forecast of ($0.18). Stifel Firstegy currently has a “Buy” rating on the stock. Stifel Firstegy also issued estimates for Ensign Energy Services’ Q3 2022 earnings at ($0.01) EPS, Q4 2022 earnings at $0.02 EPS, FY2022 earnings at ($0.11) EPS and FY2023 earnings at $0.17 EPS.

ESI has been the topic of several other reports. BMO Capital Markets restated a “buy” rating and set a C$6.00 price target on shares of Ensign Energy Services in a research report on Tuesday. CIBC lifted their price objective on Ensign Energy Services from C$3.25 to C$4.50 and gave the company a “neutral” rating in a research note on Thursday, April 14th. TD Securities lifted their price objective on Ensign Energy Services from C$6.00 to C$6.50 and gave the company a “speculative buy” rating in a research note on Tuesday. Raymond James set a C$5.25 price objective on Ensign Energy Services and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada lifted their price objective on Ensign Energy Services from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Ensign Energy Services currently has a consensus rating of “Buy” and an average price target of C$5.22.

TSE ESI opened at C$3.92 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 122.21. Ensign Energy Services has a twelve month low of C$1.02 and a twelve month high of C$4.64. The firm has a market capitalization of C$637.43 million and a PE ratio of -4.00. The stock’s 50 day moving average is C$3.64 and its 200 day moving average is C$2.60.

Ensign Energy Services (TSE:ESIGet Rating) last released its quarterly earnings results on Friday, March 4th. The company reported C($0.18) earnings per share for the quarter, missing the consensus estimate of C($0.17) by C($0.01). The company had revenue of C$296.17 million during the quarter, compared to the consensus estimate of C$300.65 million.

In other news, Senior Officer Robert Harold Geddes acquired 13,000 shares of Ensign Energy Services stock in a transaction that occurred on Friday, March 18th. The stock was bought at an average price of C$2.98 per share, for a total transaction of C$38,740.00. Following the completion of the transaction, the insider now owns 1,268,806 shares in the company, valued at C$3,781,041.88. Also, Director Cary A. Moomjian Jr. sold 142,000 shares of the company’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of C$4.44, for a total value of C$629,923.64. Following the sale, the director now owns 348,762 shares of the company’s stock, valued at approximately C$1,547,136.83.

Ensign Energy Services Company Profile (Get Rating)

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.

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