Ensign Energy Services (ESI) Stock Price, News & Analysis

Company Overview

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. It provides coring and oil sands drilling services to the mining, and oil and natural gas industries; directional drilling services; equipment rental services; shallow to deep well services, such as completions, abandonments, production workovers, and bottom hole pump changes for oil and natural gas producers; and interactive pressure drilling services with self-contained systems comprising nitrogen generation and compression equipment, and surface control systems. In addition, the company rents drill strings, loaders, tanks, pumps, rig mattings, blow-out preventers, waste bins, and wastewater treatment equipment for the drilling and completions segments of the oilfield industry. Further, it offers transportation and well servicing services. The company operates land drilling rigs, specialty coring rigs, and well servicing rigs. Ensign Energy Services Inc. was incorporated in 1987 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$3.07 to C$3.17
• 50-Day Range: C$2.41 to C$3.08
• 52-Week Range: C$1.94 to C$3.17
• Volume: 276,250 shs
• Average Volume: 239,146 shs
• Market Capitalization: C$580.40 million
• P/E Ratio: 26.33
• Dividend Yield: 7.59%
• Price Target: C$3.63
• Consensus Rating: Moderate Buy

Ensign Energy Services Stock Analysis - MarketRank™

Ensign Energy Services scored higher than 61% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ensign Energy Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ensign Energy Services has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ensign Energy Services is 26.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ensign Energy Services is 26.17, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 108.65.

Price to Earnings Growth Ratio

Ensign Energy Services has a PEG Ratio of 202.94. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ensign Energy Services has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ESI.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Ensign Energy Services is a leading dividend payer. It pays a dividend yield of 42.86%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ensign Energy Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ensign Energy Services is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ESI.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.16

News Sentiment

Ensign Energy Services has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Ensign Energy Services this week, compared to 1 article on an average week.

Search Interest

Only 6 people have searched for ESI on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Balanced

Insider Buying vs. Insider Selling

In the past three months, Ensign Energy Services insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought C$70,379.00 in company stock and sold C$75,000.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.

Percentage Held by Insiders

44.90% of the stock of Ensign Energy Services is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.95% of the stock of Ensign Energy Services is held by institutions.

ESI Stock Analysis - Frequently Asked Questions

How have ESI shares performed this year?

Ensign Energy Services' stock was trading at C$2.17 at the beginning of 2024. Since then, ESI shares have increased by 44.7% and is now trading at C$3.14.
View the best growth stocks for 2024 here.

How do I buy shares of Ensign Energy Services?

Shares of ESI stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Ensign Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ensign Energy Services investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET) and Wheaton Precious Metals (WPM).

Company Calendar

• Today: 11/21/2024
• Next Earnings (Estimated): 3/07/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: Chemicals
• Current Symbol: TSE:ESI
• CUSIP: N/A
• CIK: N/A
• Web: www.ensignenergy.com
• Phone: +1-403-2621361
• Fax: N/A
• Employees: 5,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$3.63
• High Stock Price Target: C$5.00
• Low Stock Price Target: C$2.75
• Potential Upside/Downside: +16.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.12
• Trailing P/E Ratio: 26.00
• Forward P/E Ratio: 10.75
• P/E Growth: 202.94
• Net Income: C$20.94 million
• Net Margins: 1.23%
• Pretax Margin: N/A
• Return on Equity: 1.63%
• Return on Assets: 2.69%

Debt

• Debt-to-Equity Ratio: 87.50
• Current Ratio: 0.97
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: C$1.70 billion
• Price / Sales: 0.34
• Cash Flow: C$0.15 per share
• Price / Cash Flow: 21.29
• Book Value: C$7.26 per share
• Price / Book: 0.43

Miscellaneous

• Outstanding Shares: 183,670,000
• Free Float: N/A
• Market Cap: C$573.05 million
• Optionable: Not Optionable
• Beta: 3.05