Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.