Ensign Energy Services (ESI) Set to Announce Quarterly Earnings on Friday

Ensign Energy Services (TSE:ESI) is scheduled to issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. The firm had revenue of C$391.79 million for the quarter, compared to analyst estimates of C$387.80 million. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%.

Ensign Energy Services Price Performance

TSE:ESI opened at C$2.80 on Thursday. The business’s 50-day moving average price is C$2.60 and its 200 day moving average price is C$2.46. The firm has a market cap of C$514.28 million, a P/E ratio of 23.25, a PEG ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a 52-week low of C$1.94 and a 52-week high of C$3.02. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. TD Securities dropped their price target on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. BMO Capital Markets dropped their price target on Ensign Energy Services from C$3.50 to C$3.25 in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.58.

Insider Activity

In other news, Director Donna Jeanne Carson purchased 17,443 shares of Ensign Energy Services stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. In related news, Senior Officer Michael Gray acquired 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of C$2.29 per share, with a total value of C$25,173.50. Also, Director Donna Jeanne Carson acquired 17,443 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was bought at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. Insiders bought a total of 43,443 shares of company stock worth $108,865 in the last three months. 44.90% of the stock is owned by insiders.

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.