Q3 2024 EPS Estimates for Ensign Energy Services Inc. (TSE:ESI) Reduced by Analyst

Ensign Energy Services Inc. (TSE:ESI) – Research analysts at Atb Cap Markets lowered their Q3 2024 EPS estimates for Ensign Energy Services in a report released 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 estimate of $0.07. The consensus estimate for Ensign Energy Services’ current full-year earnings is $0.20 per share.

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

ESI has been the topic of a number of other research reports. Royal Bank of Canada dropped their price target on Ensign Energy Services from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Stifel Nicolaus lifted their target price 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. Finally, CIBC upped their price target on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$4.11.

Ensign Energy Services Price Performance

Shares of TSE ESI opened at C$2.30 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 94.00. The stock has a fifty day simple moving average of C$2.52 and a two-hundred day simple moving average of C$2.31. Ensign Energy Services has a 1-year low of C$1.77 and a 1-year high of C$3.78. The firm 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.

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.