Ensign Energy Services Inc (TSE:ESI) Receives Average Rating of “Buy” from Brokerages

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Shares of Ensign Energy Services Inc (TSE:ESI) have been assigned an average rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$6.15.

ESI has been the topic of several recent analyst reports. Evercore decreased their price target on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday, August 9th. CIBC decreased their price target on Ensign Energy Services from C$6.50 to C$5.00 in a research note on Tuesday, October 15th. BMO Capital Markets decreased their price target on Ensign Energy Services from C$5.00 to C$3.50 in a research note on Tuesday, September 10th. Raymond James set a C$6.00 price target on Ensign Energy Services and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Finally, Evercore ISI decreased their price target on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday, August 9th.

ESI stock traded up C$0.06 during trading on Friday, hitting C$2.74. The company had a trading volume of 225,700 shares, compared to its average volume of 367,675. The company has a fifty day moving average price of C$3.01 and a two-hundred day moving average price of C$4.13. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 105.22. The company has a market cap of $425.54 million and a P/E ratio of 6.40. Ensign Energy Services has a fifty-two week low of C$2.67 and a fifty-two week high of C$6.45.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.14) by C($0.12). The company had revenue of C$377.69 million during the quarter, compared to analyst estimates of C$421.20 million. On average, analysts expect that Ensign Energy Services will post -0.35 earnings per share for the current year.

About Ensign Energy Services

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services 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 coring and oil sands drilling services to the mining, and oil and natural gas industries.

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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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