Ensign Energy Services Lowered to Sector Perform at Scotiabank (ESI)
Ensign Energy Services (TSE:ESI) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday. They currently have a C$22.00 target price on the stock. Scotiabank’s price objective points to a potential upside of 30.49% from the stock’s previous close.
Separately, analysts at Barclays downgraded shares of Ensign Energy Services from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, May 21st. They now have a C$14.00 price target on the stock, down previously from C$17.00. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$18.80.
Shares of Ensign Energy Services (TSE:ESI) traded down 1.48% during mid-day trading on Tuesday, hitting $16.61. 122,216 shares of the company’s stock traded hands. Ensign Energy Services has a 52-week low of $15.42 and a 52-week high of $18.44. The stock has a 50-day moving average of $17.15 and a 200-day moving average of $16.75. The company has a market cap of $2.536 billion and a price-to-earnings ratio of 20.81.
Ensign Energy Services (TSE:ESI) last announced its earnings results on Tuesday, August 12th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.06. On average, analysts predict that Ensign Energy Services will post $1.06 earnings per share for the current fiscal year.
Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industry in Canada, the United States and internationally.
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