Ensign Energy Services (TSE:ESI) Given New C$4.00 Price Target at Royal Bank Of Canada

Ensign Energy Services (TSE:ESI) had its price target upped by Royal Bank Of Canada from C$3.50 to C$4.00 in a research report released on Tuesday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other equities research analysts have also issued reports on ESI. ATB Cormark Capital Markets dropped their price target on Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating for the company in a research note on Friday, December 19th. BMO Capital Markets lowered Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 price target for the company. in a research note on Monday, December 15th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Ensign Energy Services has a consensus rating of “Hold” and a consensus target price of C$3.10.

Ensign Energy Services Price Performance

TSE:ESI opened at C$3.40 on Tuesday. The firm has a market capitalization of C$626.43 million, a price-to-earnings ratio of -16.19, a P/E/G ratio of 202.94 and a beta of 1.13. Ensign Energy Services has a 52-week low of C$1.76 and a 52-week high of C$3.90. The stock has a fifty day moving average of C$3.55 and a 200 day moving average of C$2.96. The company has a debt-to-equity ratio of 75.33, a quick ratio of 1.30 and a current ratio of 1.34.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Friday, March 6th. The company reported C($0.07) earnings per share (EPS) for the quarter. The business had revenue of C$418.81 million for the quarter. Ensign Energy Services had a negative net margin of 2.37% and a negative return on equity of 2.94%. On average, research analysts expect that Ensign Energy Services will post 0.2901354 EPS for the current fiscal 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. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.