Ensign Energy Services Inc. (ESI) to Post FY2016 Earnings of ($0.88) Per Share, Cormark Forecasts
Ensign Energy Services Inc. (TSE:ESI) – Equities research analysts at Cormark upped their FY2016 earnings per share estimates for Ensign Energy Services in a report issued on Wednesday. Cormark analyst J. Zhang now anticipates that the brokerage will post earnings of ($0.88) per share for the year, up from their prior estimate of ($0.89). Cormark also issued estimates for Ensign Energy Services’ Q4 2016 earnings at ($0.24) EPS, Q1 2017 earnings at ($0.20) EPS, Q2 2017 earnings at ($0.27) EPS, Q4 2017 earnings at ($0.15) EPS, FY2017 earnings at ($0.83) EPS and FY2018 earnings at ($0.23) EPS.
Other research analysts have also recently issued reports about the stock. CIBC raised their target price on shares of Ensign Energy Services from C$8.50 to C$8.75 in a report on Wednesday, July 20th. FirstEnergy Capital lifted their price objective on shares of Ensign Energy Services from C$9.50 to C$10.00 in a research note on Wednesday, August 10th. Raymond James Financial Inc. lifted their price objective on shares of Ensign Energy Services from C$7.50 to C$8.00 in a research note on Friday, October 7th. GMP Securities raised shares of Ensign Energy Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 18th. Finally, TD Securities reissued a “hold” rating and issued a C$7.50 price objective on shares of Ensign Energy Services in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$7.73.
Ensign Energy Services (TSE:ESI) opened at 7.68 on Friday. The stock has a 50 day moving average price of $8.04 and a 200-day moving average price of $7.53. Ensign Energy Services has a 1-year low of $4.72 and a 1-year high of $9.11. The firm’s market cap is $1.17 billion.
In other news, Director Thomas Joseph Connors sold 9,802 shares of Ensign Energy Services stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of C$7.75, for a total transaction of C$75,965.50. Also, insider Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$7.70, for a total transaction of C$192,500.00.
About Ensign Energy Services
Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.
Receive News & Stock Ratings for Ensign Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services Inc. and related stocks with our FREE daily email newsletter.