Ensign Energy Services (OTCMKTS:ESVIF) Price Target Increased to C$6.50 by Analysts at Royal Bank of Canada

Ensign Energy Services (OTCMKTS:ESVIFGet Rating) had its price objective increased by research analysts at Royal Bank of Canada from C$6.00 to C$6.50 in a research note issued to investors on Tuesday, The Fly reports.

A number of other brokerages have also commented on ESVIF. TD Securities boosted their price objective on Ensign Energy Services from C$6.00 to C$6.50 in a report on Tuesday. Canaccord Genuity Group upped their target price on Ensign Energy Services from C$3.00 to C$4.50 and gave the company a “hold” rating in a report on Friday, April 22nd. Raymond James raised Ensign Energy Services from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 5th. Stifel Nicolaus upped their target price on Ensign Energy Services from C$5.50 to C$5.75 in a report on Tuesday. Finally, CIBC upped their target price on Ensign Energy Services from C$3.25 to C$4.50 in a report on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Ensign Energy Services currently has a consensus rating of “Buy” and a consensus target price of $4.14.

ESVIF traded down $0.18 during midday trading on Tuesday, reaching $3.06. 5,119 shares of the company were exchanged, compared to its average volume of 22,956. The company’s fifty day moving average price is $2.82 and its 200 day moving average price is $2.02. Ensign Energy Services has a one year low of $0.84 and a one year high of $3.59.

About Ensign Energy Services (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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