FY2024 EPS Estimates for TSE:ESI Lifted by Atb Cap Markets

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

A number of other research analysts also recently issued reports on the company. BMO Capital Markets boosted their price target on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. TD Securities cut their target price on shares of 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. Finally, ATB Capital raised their price objective on shares of Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$3.71.

Ensign Energy Services Stock Down 1.7 %

Shares of TSE ESI opened at C$2.90 on Friday. The company has a market cap of C$532.64 million, a price-to-earnings ratio of 24.17, a PEG ratio of 202.94 and a beta of 3.05. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The firm’s fifty day moving average is C$2.87 and its 200 day moving average is C$2.54. Ensign Energy Services has a 52 week low of C$2.00 and a 52 week high of C$3.19.

Insider Transactions at Ensign Energy Services

In other news, Senior Officer Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total value of C$75,000.00. Also, Director Donna Jeanne Carson purchased 17,443 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average price of C$2.87 per share, for a total transaction of C$50,061.41. 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.