Ensign Energy Services (TSE:ESI) shares hit a new 52-week high on Thursday . The company traded as high as C$6.40 and last traded at C$6.38, with a volume of 264633 shares changing hands. The stock had previously closed at C$6.14.
ESI has been the topic of a number of recent research reports. CIBC lifted their price target on shares of Ensign Energy Services from C$8.00 to C$9.00 in a research report on Tuesday, January 23rd. BMO Capital Markets dropped their price objective on shares of Ensign Energy Services from C$8.50 to C$7.50 in a research note on Tuesday, March 6th. Evercore Partners dropped their price objective on shares of Ensign Energy Services from C$8.00 to C$7.00 in a research note on Wednesday, May 9th. Raymond James dropped their price objective on shares of Ensign Energy Services from C$7.20 to C$6.50 and set a “market perform” rating on the stock in a research note on Friday, March 16th. Finally, TD Securities lifted their price objective on shares of Ensign Energy Services from C$8.50 to C$10.00 in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Ensign Energy Services presently has a consensus rating of “Hold” and an average price target of C$7.97.
Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Monday, May 7th. The company reported C($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.18) by C$0.01. The company had revenue of C$258.46 million for the quarter, compared to analyst estimates of C$288.50 million. Ensign Energy Services had a negative net margin of 14.78% and a negative return on equity of 8.73%.
Ensign Energy Services Company Profile
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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