Ensign Energy Services (ESI) Price Target Cut to C$7.50

Ensign Energy Services (TSE:ESI) had its price target cut by Canaccord Genuity from C$7.75 to C$7.50 in a report issued on Tuesday.

Other equities analysts have also issued reports about the stock. GMP Securities upped their target price on shares of Ensign Energy Services from C$7.50 to C$8.00 in a research note on Thursday, January 18th. TD Securities upped their target price on shares of Ensign Energy Services from C$8.50 to C$10.00 in a research note on Tuesday, January 30th. CIBC upped their target price on shares of Ensign Energy Services from C$8.00 to C$9.00 in a research note on Tuesday, January 23rd. Citigroup reduced their target price on shares of Ensign Energy Services from C$8.00 to C$7.00 in a research note on Friday, November 17th. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a C$8.50 target price on shares of Ensign Energy Services in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$8.41.

Ensign Energy Services (TSE:ESI) opened at C$6.50 on Tuesday. The stock has a market cap of $1,020.00, a price-to-earnings ratio of -6.91 and a beta of 0.76. Ensign Energy Services has a fifty-two week low of C$5.95 and a fifty-two week high of C$8.65.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Wednesday, November 8th. The company reported C($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.12) by C($0.11). The company had revenue of C$247.12 million during the quarter, compared to analyst estimates of C$277.20 million. Ensign Energy Services had a negative return on equity of 8.73% and a negative net margin of 14.78%.

In other Ensign Energy Services news, Director Gail Donelda Surkan purchased 33,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of C$6.03 per share, with a total value of C$198,990.00. Also, insider Michael Gray purchased 5,232 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were acquired at an average cost of C$7.45 per share, for a total transaction of C$38,978.40.

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About Ensign Energy Services

Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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