Ensign Energy Services Downgraded by Raymond James to “Market Perform” (ESI)
Ensign Energy Services (TSE:ESI) was downgraded by equities research analysts at Raymond James to a “market perform” rating in a research note issued to investors on Wednesday. They currently have a C$18.50 price objective on the stock, down from their previous price objective of C$19.00. Raymond James’ price target would indicate a potential upside of 11.78% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Ensign Energy Services from C$18.00 to C$19.50 in a research note on Tuesday, August 12th. They now have a “hold” rating on the stock. Analysts at Scotiabank downgraded shares of Ensign Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 12th. They now have a C$22.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$18.75.
Ensign Energy Services (TSE:ESI) traded down 0.97% on Wednesday, hitting $16.39. 53,767 shares of the company’s stock traded hands. Ensign Energy Services has a one year low of $15.42 and a one year high of $18.44. The stock has a 50-day moving average of $17.07 and a 200-day moving average of $16.76. The company has a market cap of $2.501 billion and a price-to-earnings ratio of 18.60.
Ensign Energy Services (TSE:ESI) last posted its quarterly 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 $1.01 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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