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

Ensign Energy Services (TSE:ESI) is scheduled to be posting its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect Ensign Energy Services to post earnings of C$0.04 per share for the quarter.

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, beating analysts’ consensus estimates 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 firm had revenue of C$391.79 million for the quarter, compared to analysts’ expectations of C$387.80 million.

Ensign Energy Services Price Performance

Ensign Energy Services stock opened at C$2.78 on Friday. The company’s fifty day moving average price is C$2.59 and its 200 day moving average price is C$2.45. Ensign Energy Services has a 1 year low of C$1.94 and a 1 year high of C$3.02. The stock has a market capitalization of C$510.60 million, a P/E ratio of 23.17, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ESI shares. BMO Capital Markets cut their price objective on Ensign Energy Services from C$3.50 to C$3.25 in a research report on Friday, October 4th. TD Securities cut their price objective on 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$3.58.

Insider Buying and Selling

In other news, Director Donna Jeanne Carson bought 17,443 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. In other Ensign Energy Services news, Senior Officer Michael Gray purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of C$2.24 per share, with a total value of C$33,630.00. Also, Director Donna Jeanne Carson purchased 17,443 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was acquired at an average cost of C$2.87 per share, with a total value of C$50,061.41. Over the last ninety days, insiders have bought 43,443 shares of company stock worth $108,865. Company 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.