An update from Ensign Energy Services ( (TSE:ESI) ) is now available.
Ensign Energy Services Inc. reported its first-quarter results for 2025, showing a slight increase in revenue to $436.5 million compared to the previous year. Despite this, the company experienced a decrease in adjusted EBITDA and funds flow from operations. The company saw an improvement in net income, turning a profit of $3.7 million compared to a loss in the same period last year. Operationally, Canadian drilling and well servicing saw increases, while the U.S. and international operations experienced declines. Ensign is focused on reducing its debt, with significant repayments made and a target to reduce debt by $600 million by the end of 2025. The company also amended its credit facility to adjust the schedule of borrowing reductions.
The most recent analyst rating on (TSE:ESI) stock is a Buy with a C$3.5000 price target. To see the full list of analyst forecasts on Ensign Energy Services stock, see the TSE:ESI Stock Forecast page.
Spark’s Take on TSE:ESI Stock
According to Spark, TipRanks’ AI Analyst, TSE:ESI is a Neutral.
Ensign Energy Services demonstrates strong cash flow management and strategic debt reduction, which are significant strengths. However, challenges such as declining revenue, negative profitability, and bearish technical indicators weigh on the stock. The valuation is unattractive due to the negative P/E and lack of dividends. The earnings call highlights strategic achievements but also underscores ongoing challenges, leading to an overall cautious outlook.
To see Spark’s full report on TSE:ESI stock, click here.
More about Ensign Energy Services
Ensign Energy Services Inc. operates in the energy sector, providing oilfield services with a focus on drilling and well servicing. The company operates across Canada, the United States, and internationally, offering a range of services to support the oil and gas industry.
Average Trading Volume: 215,196
Technical Sentiment Signal: Sell
Current Market Cap: C$349.9M
Find detailed analytics on ESI stock on TipRanks’ Stock Analysis page.