Ensign Energy Services (ESI) Given a C$7.00 Price Target at BMO Capital Markets

BMO Capital Markets set a C$7.00 price objective on Ensign Energy Services (TSE:ESI) in a report released on Saturday morning, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other research firms have also weighed in on ESI. Canaccord Genuity raised shares of Ensign Energy Services from a hold rating to a buy rating and lifted their target price for the company from C$5.75 to C$7.25 in a report on Wednesday, March 20th. TD Securities lifted their target price on shares of Ensign Energy Services from C$7.50 to C$8.50 and gave the company a buy rating in a report on Tuesday, April 9th. Raymond James reaffirmed an outperform rating and set a C$6.50 target price on shares of Ensign Energy Services in a report on Monday, April 8th. Finally, CIBC cut their target price on shares of Ensign Energy Services from C$8.50 to C$7.00 in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$6.70.

Shares of TSE ESI opened at C$5.98 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 96.10. The company has a market cap of $919.21 million and a price-to-earnings ratio of 16.16. Ensign Energy Services has a 12 month low of C$4.14 and a 12 month high of C$7.20.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.03%. The ex-dividend date of this dividend was Friday, March 22nd. Ensign Energy Services’s dividend payout ratio (DPR) is 129.73%.

In other news, Senior Officer Robert Harold Geddes bought 40,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was purchased at an average cost of C$5.32 per share, with a total value of C$212,852.00. Following the acquisition, the insider now directly owns 728,041 shares in the company, valued at C$3,874,124.57.

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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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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