Ensign Energy Services Inc (ESI) Receives C$6.70 Average Target Price from Analysts

Shares of Ensign Energy Services Inc (TSE:ESI) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$6.70.

ESI has been the topic of several research analyst reports. CIBC decreased their price objective on shares of Ensign Energy Services from C$8.50 to C$7.00 in a research note on Friday, February 1st. Canaccord Genuity raised shares of Ensign Energy Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$5.75 to C$7.25 in a research note on Wednesday, March 20th. BMO Capital Markets set a C$7.00 price objective on shares of Ensign Energy Services and gave the stock a “market perform” rating in a research note on Saturday, April 13th. TD Securities upped their price objective on shares of Ensign Energy Services from C$7.50 to C$8.50 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$6.50 price objective on shares of Ensign Energy Services in a research note on Monday, April 8th.

In other news, Senior Officer Robert Harold Geddes bought 40,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were bought at an average cost of C$5.32 per share, for a total transaction of C$212,852.00. Following the completion of the acquisition, the insider now owns 728,041 shares in the company, valued at approximately C$3,874,124.57.

Shares of ESI opened at C$5.16 on Friday. The stock has a market cap of $836.07 million and a PE ratio of 13.95. Ensign Energy Services has a 52 week low of C$4.14 and a 52 week high of C$7.20. The company has a debt-to-equity ratio of 96.10, a current ratio of 0.77 and a quick ratio of 0.65.

Ensign Energy Services (TSE:ESI) last posted its earnings results on Tuesday, March 12th. The company reported C($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.18) by C($0.12). The company had revenue of C$346.14 million for the quarter, compared to analyst estimates of C$324.15 million. Equities analysts predict that Ensign Energy Services will post -0.769999984701987 EPS for the current year.

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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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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