Research Analysts Issue Forecasts for Ensign Energy Services Inc’s Q3 2019 Earnings (TSE:ESI)

Ensign Energy Services Inc (TSE:ESI) – Equities researchers at Cormark raised their Q3 2019 EPS estimates for Ensign Energy Services in a report released on Wednesday, August 7th. Cormark analyst A. Arif now anticipates that the company will post earnings of ($0.05) per share for the quarter, up from their prior estimate of ($0.15). Cormark also issued estimates for Ensign Energy Services’ Q4 2019 earnings at ($0.03) EPS, FY2019 earnings at ($0.42) EPS, Q1 2020 earnings at ($0.13) EPS, Q2 2020 earnings at ($0.18) EPS, Q3 2020 earnings at ($0.09) EPS, Q4 2020 earnings at ($0.06) EPS and FY2020 earnings at ($0.46) EPS.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Monday, May 13th. The company reported C($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.29) by C$0.20. The business had revenue of C$445.26 million for the quarter, compared to analyst estimates of C$429.90 million.

Several other brokerages also recently weighed in on ESI. AltaCorp Capital reaffirmed an “outperform” rating on shares of Ensign Energy Services in a research note on Thursday, June 20th. Canaccord Genuity reduced their target price on Ensign Energy Services from C$7.25 to C$6.75 in a research note on Tuesday, July 9th. Evercore ISI reduced their target price on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday. Raymond James reduced their target price on Ensign Energy Services from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets reduced their target price on Ensign Energy Services from C$7.00 to C$5.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$6.58.

Shares of ESI stock opened at C$3.36 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.71 and a debt-to-equity ratio of 108.94. The firm has a market cap of $527.47 million and a P/E ratio of 8.42. The stock’s 50 day simple moving average is C$4.25. Ensign Energy Services has a 1-year low of C$3.15 and a 1-year high of C$7.20.

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 and Estimates for Ensign Energy Services (TSE:ESI)

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