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

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

Ensign Energy Services Trading Up 4.1 %

Shares of ESI opened at C$2.80 on Thursday. 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 12-month low of C$1.94 and a 12-month high of C$3.02. The firm has a market capitalization of C$514.28 million, a PE ratio of 23.25, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The stock’s fifty day simple moving average is C$2.60 and its 200-day simple moving average is C$2.46.

Insiders Place Their Bets

In other Ensign Energy Services news, Director Donna Jeanne Carson purchased 17,443 shares of the stock in a transaction on Wednesday, October 16th. The stock was bought at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. In other news, Senior Officer Michael Gray acquired 11,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. Also, Director Donna Jeanne Carson acquired 17,443 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average price of C$2.87 per share, with a total value of C$50,061.41. Insiders acquired 43,443 shares of company stock worth $108,865 over the last ninety days. 44.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. BMO Capital Markets dropped their price objective on Ensign Energy Services from C$3.50 to C$3.25 in a report on Friday, October 4th. TD Securities dropped 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 report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$3.58.

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.