Ensign Energy Services Inc. Forecasted to Earn Q4 2024 Earnings of $0.06 Per Share (TSE:ESI)

Ensign Energy Services Inc. (TSE:ESI) – Atb Cap Markets reduced their Q4 2024 EPS estimates for Ensign Energy Services in a note issued to investors on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.07. Atb Cap Markets also issued estimates for Ensign Energy Services’ Q1 2025 earnings at $0.07 EPS, FY2025 earnings at $0.38 EPS, Q1 2026 earnings at $0.17 EPS, Q2 2026 earnings at $0.07 EPS and FY2026 earnings at $0.65 EPS.

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

Separately, BMO Capital Markets dropped their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$3.65.

Ensign Energy Services Price Performance

The stock has a market capitalization of C$479.38 million, a price-to-earnings ratio of 23.73, 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. Ensign Energy Services has a 1-year low of C$1.94 and a 1-year high of C$3.16. The firm’s fifty day moving average is C$2.49 and its two-hundred day moving average is C$2.43.

Insider Activity

In other Ensign Energy Services news, Senior Officer Michael Gray bought 11,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. Corporate insiders own 44.90% of the company’s stock.

Ensign Energy Services Company Profile

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.