Atb Cap Markets Has Positive View of TSE:ESI FY2024 Earnings

Ensign Energy Services Inc. (TSE:ESI) – Analysts at Atb Cap Markets lifted their FY2024 EPS estimates for shares of Ensign Energy Services in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings of $0.02 per share for the year, up from their previous forecast of $0.01. The consensus estimate for Ensign Energy Services’ current full-year earnings is $0.29 per share.

A number of other research firms have also recently weighed in on ESI. TD Securities reduced their price target on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a report on Tuesday, October 8th. BMO Capital Markets boosted their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. Finally, ATB Capital lifted their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$3.71.

Ensign Energy Services Stock Up 0.3 %

ESI opened at C$2.91 on Friday. The company has a fifty day moving average of C$2.87 and a two-hundred day moving average of C$2.54. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. Ensign Energy Services has a fifty-two week low of C$2.01 and a fifty-two week high of C$3.19. The stock has a market capitalization of C$534.48 million, a price-to-earnings ratio of 24.25, a PEG ratio of 202.94 and a beta of 3.05.

Insiders Place Their Bets

In related news, Senior Officer Brent John Conway sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total value of C$100,100.00. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total transaction of C$75,000.00. Insiders have bought 74,593 shares of company stock valued at $216,539 in the last ninety days. Insiders own 44.90% of the company’s stock.

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.