TSE:ESI FY2024 EPS Estimate Lifted by Atb Cap Markets

Ensign Energy Services Inc. (TSE:ESI - Free Report) - Atb Cap Markets lifted their FY2024 earnings per share estimates for Ensign Energy Services in a report released on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $0.02 per share 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.

Other equities analysts have also issued reports about the stock. 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. TD Securities lowered their target price on Ensign Energy Services from C$3.50 to C$3.25 and set a "buy" rating on the stock in a report on Tuesday, October 8th. Finally, ATB Capital increased their price target on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$3.71.

Ensign Energy Services Price Performance

ESI traded up C$0.01 on Friday, hitting C$2.91. 111,049 shares of the company's stock were exchanged, compared to its average volume of 236,399. The firm has a 50-day moving average price of C$2.87 and a 200-day moving average price of C$2.54. The stock has a market cap of C$534.48 million, a price-to-earnings ratio of 24.25, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. Ensign Energy Services has a fifty-two week low of C$2.01 and a fifty-two week high of C$3.19.

Insider Activity

In other news, Director Donna Jeanne Carson purchased 17,443 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were bought at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total value of C$75,000.00. Insiders bought a total of 74,593 shares of company stock valued at $216,539 in the last 90 days. Company 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.