Ensign Energy Services Inc (ESI) Price Target Lowered to C$7.50 at Canaccord Genuity
Ensign Energy Services Inc (TSE:ESI) had its target price reduced by stock analysts at Canaccord Genuity from C$8.50 to C$7.50 in a report released on Tuesday. Canaccord Genuity’s price objective would suggest a potential upside of 7.91% from the stock’s current price.
Several other equities research analysts also recently weighed in on ESI. CIBC dropped their target price on shares of Ensign Energy Services from C$12.50 to C$10.50 in a research report on Tuesday, May 9th. BMO Capital Markets boosted their price objective on shares of Ensign Energy Services from C$8.50 to C$10.00 in a research report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$10.00 price objective on shares of Ensign Energy Services in a research report on Thursday, March 30th. Scotiabank downgraded shares of Ensign Energy Services from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from C$9.50 to C$8.50 in a research report on Tuesday, May 9th. Finally, Raymond James Financial, Inc. raised shares of Ensign Energy Services from a “market perform” rating to an “outperform” rating in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$9.59.
Ensign Energy Services (TSE ESI) traded up 0.72% during trading on Tuesday, reaching $7.00. The company had a trading volume of 149,145 shares. The stock has a 50 day moving average price of $6.92 and a 200-day moving average price of $8.09. The company’s market capitalization is $1.09 billion. Ensign Energy Services has a 52-week low of $6.27 and a 52-week high of $10.40.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/11/ensign-energy-services-inc-esi-price-target-lowered-to-c7-50-at-canaccord-genuity.html.
In other news, Director Thomas Joseph Connors bought 11,600 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was purchased at an average price of C$6.82 per share, for a total transaction of C$79,112.00.
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.
Receive News & Ratings for Ensign Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.