Ensign Energy Services (ESI) to Release Earnings on Monday

Ensign Energy Services (TSE:ESI) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.14. The firm 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%.

Ensign Energy Services Trading Up 5.0 %

Shares of TSE ESI opened at C$2.52 on Monday. Ensign Energy Services has a 12-month low of C$1.77 and a 12-month high of C$3.78. The company has a market cap of C$460.86 million, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10. 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’s 50 day simple moving average is C$2.48 and its 200 day simple moving average is C$2.33.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ESI shares. BMO Capital Markets raised their price target 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. Stifel Nicolaus raised their target price on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the company a “hold” rating in a research note on Monday, March 4th. CIBC upped their price target on shares of 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. Finally, Royal Bank of Canada raised their price objective on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Ensign Energy Services presently has an average rating of “Moderate Buy” and a consensus target price of C$4.18.

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.