Ensign Energy Services Inc. to Post FY2022 Earnings of ($0.15) Per Share, Stifel Firstegy Forecasts (TSE:ESI)

Ensign Energy Services Inc. (TSE:ESI – Get Rating) – Research analysts at Stifel Firstegy decreased their FY2022 earnings per share (EPS) estimates for Ensign Energy Services in a research report issued on Sunday, July 24th. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings per share of ($0.15) for the year, down from their previous forecast of ($0.11). The consensus estimate for Ensign Energy Services’ current full-year earnings is $0.22 per share. Stifel Firstegy also issued estimates for Ensign Energy Services’ FY2023 earnings at $0.28 EPS.

Several other research firms have also recently issued reports on ESI. Raymond James lifted their price objective on Ensign Energy Services from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research report on Tuesday, May 17th. Stifel Nicolaus lifted their price objective on Ensign Energy Services from C$5.50 to C$5.75 in a research report on Tuesday, May 10th. 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 report on Tuesday, May 10th. 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 report on Tuesday, May 10th. Finally, 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 report on Thursday, April 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$5.31.

Ensign Energy Services Stock Up 2.3 %

TSE ESI opened at C$3.18 on Wednesday. The company has a debt-to-equity ratio of 118.68, a current ratio of 1.52 and a quick ratio of 1.30. The stock has a market capitalization of C$584.33 million and a PE ratio of -4.73. Ensign Energy Services has a 1 year low of C$1.40 and a 1 year high of C$5.00. The business’s 50-day moving average is C$3.75 and its 200 day moving average is C$3.34.

Ensign Energy Services (TSE:ESI – Get Rating) last posted its earnings results on Monday, May 9th. The company reported C($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.14) by C$0.02. The business had revenue of C$332.68 million during the quarter, compared to the consensus estimate of C$328.20 million.

About Ensign Energy Services

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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.