Ensign Energy Services (ESI) Set to Announce Earnings on Friday

Ensign Energy Services (TSE:ESI - Get Free Report) will announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

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

Ensign Energy Services Stock Performance

The company has a market capitalization of C$521.62 million, a P/E ratio of 23.17, a PEG ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a one year low of C$1.94 and a one year high of C$3.02. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. The company's 50-day simple moving average is C$2.59 and its 200 day simple moving average is C$2.45.

Insider Buying and Selling at Ensign Energy Services

In other news, Senior Officer Michael Gray acquired 11,000 shares of Ensign Energy Services stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. In other Ensign Energy Services news, Director Donna Jeanne Carson bought 17,443 shares of the firm's stock in a transaction dated 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. Also, Senior Officer Michael Gray acquired 11,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of C$2.29 per share, for a total transaction of C$25,173.50. Over the last ninety days, insiders acquired 43,443 shares of company stock worth $108,865. 44.90% of the stock is owned by insiders.

Analysts Set New Price Targets

ESI has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Ensign Energy Services from C$3.50 to C$3.25 in a research report on Friday, October 4th. TD Securities decreased their price target on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a "buy" rating for the company in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$3.58.

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.