Ensign Energy Services Inc. (TSE:ESI) to Post Q2 2024 Earnings of ($0.05) Per Share, Atb Cap Markets Forecasts

Ensign Energy Services Inc. (TSE:ESI) – Investment analysts at Atb Cap Markets dropped their Q2 2024 EPS estimates for Ensign Energy Services in a research note issued to investors on Monday, May 6th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of ($0.05) per share for the quarter, down from their previous 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.

A number of other research analysts have also issued reports on the company. Royal Bank of Canada reduced 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 research report on Tuesday. Stifel Nicolaus increased 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 report on Monday, March 4th. CIBC boosted 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 report on Monday, April 22nd. Finally, BMO Capital Markets raised their price objective on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$4.11.

Ensign Energy Services Stock Performance

Shares of TSE ESI opened at C$2.30 on Thursday. 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 current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 94.00. The company has a market cap of C$420.62 million, a PE ratio of 10.45, a P/E/G ratio of 202.94 and a beta of 3.10. The stock has a 50 day simple moving average of C$2.52 and a 200-day simple moving average of C$2.31.

Ensign Energy Services (TSE:ESI) last posted its 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 net margin of 2.30% and a return on equity of 3.21%. The firm had revenue of C$430.54 million during the quarter, compared to analyst estimates of C$444.50 million.

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.