Raymond James Financial Inc. Boosts Ensign Energy Services Inc. (ESI) Price Target to C$8.00
Ensign Energy Services Inc. (TSE:ESI) had its price objective hoisted by investment analysts at Raymond James Financial Inc. from C$7.50 to C$8.00 in a report released on Friday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective suggests a potential downside of 0.99% from the stock’s current price.
Several other brokerages also recently commented on ESI. Scotiabank restated a “sector perform” rating and issued a C$9.00 target price on shares of Ensign Energy Services in a research note on Wednesday, August 10th. CIBC boosted their target price on shares of Ensign Energy Services from C$8.50 to C$8.75 in a research note on Wednesday, July 20th. TD Securities restated a “hold” rating and issued a C$8.00 target price on shares of Ensign Energy Services in a research note on Wednesday, August 10th. FirstEnergy Capital boosted their target price on shares of Ensign Energy Services from C$9.50 to C$10.00 in a research note on Wednesday, August 10th. Finally, Canaccord Genuity reduced their target price on shares of Ensign Energy Services from C$8.25 to C$8.00 and set a “hold” rating on the stock in a research note on Wednesday, August 10th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$7.73.
Shares of Ensign Energy Services (TSE:ESI) traded up 0.99% during trading on Friday, hitting $8.16. 67,686 shares of the stock traded hands. The company’s market cap is $1.24 billion. The company has a 50 day moving average of $7.60 and a 200-day moving average of $7.25. Ensign Energy Services has a 1-year low of $4.72 and a 1-year high of $9.69.
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In other news, insider Robert Harold Geddes sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$7.70, for a total value of C$192,500.00. Also, Director Thomas Joseph Connors sold 9,802 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$7.75, for a total value of C$75,965.50.
Ensign Energy Services Company Profile
Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.
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