Ensign Energy Services Inc. (ESI) Upgraded to Buy 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 note issued to investors on Tuesday.
Several other brokerages have also weighed in on ESI. 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. Scotiabank reaffirmed a “sector perform” rating and issued a C$9.00 price target on shares of Ensign Energy Services in a report on Wednesday, August 10th. CIBC lifted their price target on shares of Ensign Energy Services from C$8.50 to C$8.75 in a report on Wednesday, July 20th. TD Securities reaffirmed a “hold” rating and issued a C$8.00 price target on shares of Ensign Energy Services in a report on Wednesday, August 10th. Finally, FirstEnergy Capital lifted their price target on shares of Ensign Energy Services from C$9.50 to C$10.00 in a report on Wednesday, August 10th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$7.73.
Shares of Ensign Energy Services (TSE:ESI) traded up 2.62% on Tuesday, reaching $8.63. 121,034 shares of the company’s stock were exchanged. The company’s market capitalization is $1.31 billion. Ensign Energy Services has a 1-year low of $4.72 and a 1-year high of $9.03. The stock’s 50-day moving average price is $7.72 and its 200-day moving average price is $7.37.
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In other Ensign Energy Services news, insider Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of C$7.70, for a total transaction of C$192,500.00. Also, Director Thomas Joseph Connors sold 9,802 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$7.75, for a total transaction 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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