CIBC Forecasts Strong Price Appreciation for Ensign Energy Services (TSE:ESI) Stock

Ensign Energy Services (TSE:ESIGet Free Report) had its price objective boosted by stock analysts at CIBC from C$2.50 to C$2.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 14.11% from the stock’s previous close.

Separately, Royal Bank Of Canada downgraded shares of Ensign Energy Services from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$2.50 to C$3.00 in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ensign Energy Services presently has a consensus rating of “Hold” and a consensus price target of C$3.30.

Read Our Latest Analysis on Ensign Energy Services

Ensign Energy Services Stock Down 3.6%

ESI opened at C$2.41 on Wednesday. Ensign Energy Services has a 1 year low of C$1.73 and a 1 year high of C$3.52. The firm has a 50 day moving average price of C$2.30 and a 200 day moving average price of C$2.19. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The company has a market cap of C$442.77 million, a PE ratio of -12.05, a price-to-earnings-growth ratio of 202.94 and a beta of 2.07.

About Ensign Energy Services

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Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs.

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