Q1 2024 EPS Estimates for Ensign Energy Services Inc. Decreased by Analyst (TSE:ESI)

Ensign Energy Services Inc. (TSE:ESI - Free Report) - Stock analysts at Atb Cap Markets dropped their Q1 2024 EPS estimates for shares of Ensign Energy Services in a research note issued on Sunday, April 7th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.06. The consensus estimate for Ensign Energy Services' current full-year earnings is $0.33 per share. Atb Cap Markets also issued estimates for Ensign Energy Services' Q3 2024 earnings at $0.07 EPS, Q1 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.21 EPS, Q1 2026 earnings at $0.16 EPS and FY2026 earnings at $0.66 EPS.

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

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of 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. BMO Capital Markets boosted their price target on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an "outperform" rating in a research note on Monday, March 4th. ATB Capital decreased their price objective on shares of Ensign Energy Services from C$7.00 to C$5.00 and set an "outperform" rating for the company in a research report on Friday, December 22nd. CIBC reduced their price target on shares of Ensign Energy Services from C$4.00 to C$3.25 and set a "neutral" rating for the company in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada boosted their price target on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$4.11.

Ensign Energy Services Trading Down 0.8 %

Shares of TSE ESI traded down C$0.02 during midday trading on Wednesday, reaching C$2.64. 235,713 shares of the stock were exchanged, compared to its average volume of 246,896. The company has a 50 day simple moving average of C$2.41 and a 200 day simple moving average of C$2.40. The stock has a market capitalization of C$482.80 million, a P/E ratio of 11.73, a PEG ratio of 202.94 and a beta of 3.06. The company has a debt-to-equity ratio of 94.00, a quick ratio of 1.30 and a current ratio of 1.04. Ensign Energy Services has a twelve month low of C$1.77 and a twelve month high of C$3.78.

About Ensign Energy Services

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.