Q2 2024 EPS Estimates for Ensign Energy Services Inc. Reduced by Atb Cap Markets (TSE:ESI)

Ensign Energy Services Inc. (TSE:ESI) – Equities researchers at Atb Cap Markets dropped their Q2 2024 earnings per share estimates for Ensign Energy Services in a report released on Monday, May 6th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of ($0.05) for the quarter, down from their prior estimate of ($0.04). The consensus estimate for Ensign Energy Services’ current full-year earnings is $0.20 per share. Atb Cap Markets also issued estimates for Ensign Energy Services’ Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.08 EPS, Q2 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.18 EPS, Q1 2026 earnings at $0.19 EPS and FY2026 earnings at $0.74 EPS.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the company a “hold” rating in a report on Monday, March 4th. Royal Bank of Canada decreased 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 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 boosted their target price on Ensign Energy Services from C$3.25 to C$3.75 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ensign Energy Services presently has an average rating of “Moderate Buy” and an average target price of C$4.11.

Ensign Energy Services Stock Down 0.9 %

Shares of TSE:ESI opened at C$2.30 on Thursday. 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 fifty-two week low of C$1.77 and a fifty-two week high of C$3.78. The stock has a market cap of C$420.62 million, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10. The firm’s 50 day moving average price is C$2.52 and its 200 day moving average price is C$2.31.

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

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.