Ensign Energy Services (TSE:ESI) Lowered to Hold Rating by BMO Capital Markets

Ensign Energy Services (TSE:ESI) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a report issued on Monday, Marketbeat reports. They presently have a C$3.50 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 41.70% from the company’s current price.

Other equities analysts have also issued research reports about the company. Atb Cap Markets raised Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. CIBC upped their price objective on Ensign Energy Services from C$2.50 to C$2.75 in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada downgraded Ensign Energy Services from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$2.50 to C$3.00 in a research note on Thursday, October 9th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$2.88.

Ensign Energy Services Stock Performance

Shares of Ensign Energy Services stock opened at C$2.47 on Monday. The firm’s fifty day simple moving average is C$2.56 and its 200-day simple moving average is C$2.37. Ensign Energy Services has a 12 month low of C$1.73 and a 12 month high of C$3.52. The stock has a market capitalization of C$452.67 million, a price-to-earnings ratio of -9.88, a PEG ratio of 202.94 and a beta of 1.57. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$411.16 million for the quarter. Ensign Energy Services had a return on equity of 2.37% and a net margin of 1.86%. As a group, equities analysts forecast that Ensign Energy Services will post 0.2901354 earnings per share for the current year.

Ensign Energy Services Company Profile

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.