Ensign Energy Services Inc. (TSE:ESI) Given Average Recommendation of “Buy” by Analysts

Shares of Ensign Energy Services Inc. (TSE:ESIGet Rating) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$4.36.

Several analysts have issued reports on the company. ATB Capital upped their target price on Ensign Energy Services from C$4.75 to C$5.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 2nd. CIBC upped their target price on Ensign Energy Services from C$3.25 to C$4.50 and gave the stock a “neutral” rating in a research note on Thursday, April 14th. Royal Bank of Canada raised Ensign Energy Services from a “sector perform” rating to a “buy” rating and upped their target price for the stock from C$3.25 to C$6.00 in a research note on Wednesday, April 13th. BMO Capital Markets upped their target price on Ensign Energy Services from C$3.50 to C$3.75 in a research note on Monday, March 14th. Finally, Raymond James raised Ensign Energy Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$2.20 to C$5.25 in a research note on Tuesday, April 5th.

In other Ensign Energy Services news, Senior Officer Michael Gray sold 15,016 shares of the stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of C$2.24, for a total value of C$33,635.84. Following the completion of the transaction, the insider now owns 6,439 shares in the company, valued at C$14,423.36. Also, Director Cary A. Moomjian Jr. sold 142,000 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of C$4.44, for a total value of C$629,923.64. Following the completion of the transaction, the director now owns 348,762 shares of the company’s stock, valued at approximately C$1,547,136.83.

Shares of TSE ESI opened at C$4.07 on Friday. Ensign Energy Services has a 12 month low of C$1.00 and a 12 month high of C$4.64. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 122.21. The firm has a market capitalization of C$687.67 million and a price-to-earnings ratio of -4.15. The business has a 50-day moving average of C$3.40 and a 200-day moving average of C$2.48.

Ensign Energy Services (TSE:ESIGet Rating) last issued its quarterly earnings data on Friday, March 4th. The company reported C($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.17) by C($0.01). The firm had revenue of C$296.17 million during the quarter, compared to the consensus estimate of C$300.65 million. On average, analysts predict that Ensign Energy Services will post -0.11 earnings per share for the current year.

Ensign Energy Services Company Profile (Get Rating)

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.

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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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