Ensign Energy Services Inc. (TSE:ESI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ensign Energy Services Inc. (TSE:ESI) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$3.88.

ESI has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Monday, March 4th. Stifel Nicolaus upped their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a “hold” rating in a report on Monday, March 4th. Royal Bank of Canada decreased their price objective on shares of Ensign Energy Services from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Tuesday. Finally, CIBC upped their target price on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the stock a “neutral” rating in a research note on Monday, April 22nd.

Ensign Energy Services Trading Down 0.9 %

Shares of TSE ESI opened at C$2.30 on Thursday. The stock has a market capitalization of C$420.62 million, a P/E ratio of 10.45, a PEG ratio of 202.94 and a beta of 3.10. Ensign Energy Services has a 1-year low of C$1.77 and a 1-year high of C$3.78. The business’s 50 day moving average is C$2.52 and its two-hundred day moving average is C$2.31. The company has a debt-to-equity ratio of 94.00, a current ratio of 1.04 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings results on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$430.54 million for the quarter, compared to analyst estimates of C$444.50 million. As a group, research analysts expect that Ensign Energy Services will post 0.1998433 EPS for the current year.

About Ensign Energy Services

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.