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

Ensign Energy Services Inc. (TSE:ESI) – Investment analysts at Atb Cap Markets cut their FY2024 earnings estimates for Ensign Energy Services in a research report issued on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now expects that the company will post earnings per share of $0.07 for the year, down from their previous forecast 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.

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

Ensign Energy Services Stock Performance

The stock has a market capitalization of C$479.38 million, a P/E ratio of 23.73, a P/E/G ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a 52 week low of C$1.94 and a 52 week high of C$3.16. The stock has a fifty day simple moving average of C$2.49 and a 200-day simple moving average of C$2.43. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$391.79 million for the quarter, compared to analyst estimates of C$387.80 million.

Insider Activity

In other news, Senior Officer Michael Gray purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of C$2.24 per share, with a total value of C$33,630.00. Corporate insiders own 44.90% of the company’s stock.

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.