Ensign Energy Services Inc. (OTCMKTS:ESVIF) Short Interest Update

Ensign Energy Services Inc. (OTCMKTS:ESVIFGet Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 382,400 shares, a drop of 19.2% from the April 15th total of 473,000 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is presently 14.1 days.

ESVIF opened at $3.23 on Tuesday. Ensign Energy Services has a 52-week low of $0.89 and a 52-week high of $3.59. The stock’s 50 day moving average price is $2.90 and its 200-day moving average price is $2.07.

ESVIF has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Ensign Energy Services from C$6.00 to C$6.50 in a research report on Tuesday, May 10th. TD Securities lifted their price target on Ensign Energy Services from C$6.00 to C$6.50 in a research report on Tuesday, May 10th. BMO Capital Markets raised Ensign Energy Services from a “market perform” rating to an “outperform” rating in a report on Monday, March 7th. CIBC raised their price objective on Ensign Energy Services from C$3.25 to C$4.50 in a report on Thursday, April 14th. Finally, Canaccord Genuity Group raised their price objective 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $4.53.

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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