Ensign Energy Services (TSE:ESI) Stock Price Down 11.8% – Should You Sell?

Posted by Tyrone Williams on May 9th, 2026

Ensign Energy Services Inc. (TSE:ESI – Get Free Report) fell 11.8% during trading on Thursday . The stock traded as low as C$3.34 and last traded at C$3.43. 297,447 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 289,172 shares. The stock had previously closed at C$3.89.

Wall Street Analyst Weigh In

Several research firms have commented on ESI. Royal Bank Of Canada boosted their target price on Ensign Energy Services from C$3.50 to C$4.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. TD boosted their target price on Ensign Energy Services from C$3.50 to C$3.75 and gave the company a “hold” rating in a research note on Friday. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$3.40.

View Our Latest Stock Report on Ensign Energy Services

Ensign Energy Services Price Performance

The stock has a market cap of C$707.49 million, a P/E ratio of -18.29, a PEG ratio of 202.94 and a beta of 1.28. The company has a 50 day simple moving average of C$3.61 and a 200 day simple moving average of C$3.08. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 75.33.

Ensign Energy Services (TSE:ESI – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C($0.06) EPS for the quarter. Ensign Energy Services had a negative net margin of 2.37% and a negative return on equity of 2.94%. The firm had revenue of C$418.03 million during the quarter. Sell-side analysts forecast that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

About Ensign Energy Services

(Get Free Report)

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.