Ensign Energy Services (ESI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Ensign Energy Services (TSE:ESI) posted its quarterly earnings data on Monday. The company reported C($0.21) EPS for the quarter, topping the consensus estimate of C($0.24) by C$0.03, Morningstar.com reports. The firm had revenue of C$288.70 million for the quarter, compared to the consensus estimate of C$284.00 million.

Shares of Ensign Energy Services stock opened at C$5.59 on Wednesday. Ensign Energy Services has a 12-month low of C$4.70 and a 12-month high of C$7.83.

Several research firms recently commented on ESI. Canaccord Genuity reduced their price objective on shares of Ensign Energy Services from C$6.50 to C$6.25 in a research note on Tuesday, October 16th. GMP Securities upgraded shares of Ensign Energy Services from a “reduce” rating to a “hold” rating and upped their price target for the company from C$5.00 to C$5.75 in a research note on Wednesday, August 8th. Evercore ISI lowered shares of Ensign Energy Services from an “outperform” rating to an “in-line” rating and cut their price target for the company from C$7.00 to C$6.00 in a research note on Tuesday, October 16th. Evercore lowered shares of Ensign Energy Services from an “outperform” rating to an “in-line” rating and cut their price target for the company from C$7.00 to C$6.00 in a research note on Tuesday, October 16th. Finally, CIBC cut their price target on shares of Ensign Energy Services from C$9.50 to C$8.50 in a research note on Tuesday, October 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ensign Energy Services currently has an average rating of “Hold” and a consensus price target of C$6.94.

In related news, Director Roger Lace purchased 5,500 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were acquired at an average price of C$5.81 per share, for a total transaction of C$31,955.00.

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Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services 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 coring and oil sands drilling services to the mining, and oil and natural gas industries.

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Earnings History for Ensign Energy Services (TSE:ESI)

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