Ensign Energy Services Inc. Forecasted to Earn FY2022 Earnings of ($0.03) Per Share (TSE:ESI)

Ensign Energy Services Inc. (TSE:ESI – Get Rating) – Equities research analysts at Stifel Firstegy cut their FY2022 earnings per share (EPS) estimates for Ensign Energy Services in a research note issued on Tuesday, January 17th. Stifel Firstegy analyst C. Pereira now expects that the company will earn ($0.03) per share for the year, down from their previous estimate of ($0.02). Stifel Firstegy has a “Hold” rating on the stock. The consensus estimate for Ensign Energy Services’ current full-year earnings is $0.47 per share. Stifel Firstegy also issued estimates for Ensign Energy Services’ FY2023 earnings at $0.74 EPS and FY2024 earnings at $1.14 EPS.

Ensign Energy Services (TSE:ESI – Get Rating) last posted its earnings results on Friday, November 4th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.01 by C$0.10. The company had revenue of C$432.55 million for the quarter, compared to analysts’ expectations of C$421.75 million.

Several other equities research analysts also recently issued reports on the company. CIBC increased their target price on Ensign Energy Services from C$4.75 to C$5.00 in a research report on Tuesday. ATB Capital increased their target price on Ensign Energy Services from C$7.00 to C$9.00 in a research report on Wednesday, January 4th. Raymond James cut shares of Ensign Energy Services from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$6.00 to C$6.25 in a report on Tuesday, November 8th. BMO Capital Markets upped their price target on shares of Ensign Energy Services from C$6.50 to C$7.00 in a report on Monday, November 7th. Finally, TD Securities upped their price target on shares of Ensign Energy Services from C$6.00 to C$6.50 and gave the stock a “buy” rating in a report on Monday, November 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$6.25.

Ensign Energy Services Trading Up 1.8 %

TSE:ESI opened at C$4.03 on Friday. The company has a market cap of C$739.60 million and a P/E ratio of -6.00. The stock’s fifty day moving average price is C$3.63 and its two-hundred day moving average price is C$3.18. Ensign Energy Services has a 1 year low of C$1.99 and a 1 year high of C$5.00. The company has a debt-to-equity ratio of 113.10, a current ratio of 1.48 and a quick ratio of 1.30.

Insider Activity at Ensign Energy Services

In related news, Director Barth Edward Whitham sold 9,000 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of C$3.90, for a total value of C$35,100.00. Following the transaction, the director now owns 3,070,137 shares of the company’s stock, valued at C$11,973,534.30. In related news, Senior Officer Robert Harold Geddes acquired 10,000 shares of Ensign Energy Services stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average cost of C$3.66 per share, with a total value of C$36,600.00. Following the completion of the purchase, the insider now owns 1,393,092 shares of the company’s stock, valued at C$5,098,716.72. Also, Director Barth Edward Whitham sold 9,000 shares of the firm’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of C$3.90, for a total value of C$35,100.00. Following the transaction, the director now directly owns 3,070,137 shares in the company, valued at C$11,973,534.30. Insiders have sold a total of 16,200 shares of company stock valued at $63,925 over the last 90 days.

Ensign Energy Services Company Profile

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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.