Atb Cap Markets Weighs in on Ensign Energy Services Inc.’s FY2024 Earnings (TSE:ESI)

by · The Cerbat Gem

Ensign Energy Services Inc. (TSE:ESI – Free Report) – Atb Cap Markets dropped their FY2024 earnings estimates for Ensign Energy Services in a report released on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of $0.07 for the year, down from their prior estimate of $0.08. Atb Cap Markets also issued estimates for Ensign Energy Services’ Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.16 EPS and Q3 2026 earnings at $0.20 EPS.

Ensign Energy Services (TSE:ESI – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$391.79 million during the quarter, compared to analysts’ expectations of C$387.80 million.

Separately, BMO Capital Markets reduced their target price on shares of Ensign Energy Services from C$3.50 to C$3.25 in a report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$3.65.

Read Our Latest Research Report on Ensign Energy Services

Ensign Energy Services Price Performance

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 business’s 50-day simple moving average is C$2.49 and its two-hundred day simple moving average is C$2.43. Ensign Energy Services has a fifty-two week low of C$1.94 and a fifty-two week high of C$3.16. The stock has a market capitalization of C$479.38 million, a PE ratio of 23.73, a PEG ratio of 202.94 and a beta of 3.05.

Insider Activity at Ensign Energy Services

In other news, Senior Officer Michael Gray purchased 11,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of C$2.29 per share, for a total transaction of C$25,173.50. 44.90% of the stock is owned by company insiders.

About Ensign Energy Services

(Get Free Report)

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.

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