Ensign Energy Services Inc. (ESI) Stock Rating Upgraded by GMP Securities
Ensign Energy Services Inc. (TSE:ESI) was upgraded by equities researchers at GMP Securities from a “hold” rating to a “buy” rating in a report issued on Tuesday.
Several other research analysts have also weighed in on the stock. CIBC raised their price objective on shares of Ensign Energy Services from C$8.50 to C$8.75 in a report on Wednesday, July 20th. FirstEnergy Capital raised their price objective on shares of Ensign Energy Services from C$9.50 to C$10.00 in a report on Wednesday, August 10th. Scotiabank reissued a “sector perform” rating and set a C$9.00 price objective on shares of Ensign Energy Services in a report on Wednesday, August 10th. Raymond James Financial Inc. raised their price objective on shares of Ensign Energy Services from C$7.50 to C$8.00 in a report on Friday, October 7th. Finally, TD Securities reissued a “hold” rating and set a C$8.00 price objective on shares of Ensign Energy Services in a report on Wednesday, August 10th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ensign Energy Services has an average rating of “Hold” and an average target price of C$7.73.
Shares of Ensign Energy Services (TSE:ESI) traded up 4.40% on Tuesday, hitting $8.78. 144,770 shares of the stock were exchanged. Ensign Energy Services has a one year low of $4.72 and a one year high of $9.03. The firm’s 50 day moving average price is $7.72 and its 200 day moving average price is $7.37. The firm’s market cap is $1.34 billion.
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In other Ensign Energy Services news, Director Thomas Joseph Connors sold 9,802 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$7.75, for a total transaction of C$75,965.50. Also, insider Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$7.70, for a total transaction of C$192,500.00.
About Ensign Energy Services
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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