Ensign Energy Services (TSE:ESI – Free Report) had its target price cut by Royal Bank of Canada from C$4.00 to C$3.50 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other brokerages also recently weighed in on ESI. CIBC increased their target price on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the company a neutral rating in a research note on Monday, April 22nd. Stifel Nicolaus upped their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the company a hold rating in a report on Monday, March 4th. Finally, BMO Capital Markets raised their price objective on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an outperform rating in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ensign Energy Services has an average rating of Moderate Buy and an average target price of C$4.11.
Check Out Our Latest Stock Analysis on Ensign Energy Services
Ensign Energy Services Stock Down 3.3 %
Ensign Energy Services (TSE:ESI – Get Free Report) last announced its earnings results on Friday, March 1st. The company reported C$0.17 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.14. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%. The firm had revenue of C$430.54 million during the quarter, compared to analysts’ expectations of C$444.50 million. As a group, equities research analysts predict that Ensign Energy Services will post 0.1998433 earnings per share for the current year.
Ensign Energy Services Company Profile
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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