CIBC Increases Ensign Energy Services Inc (ESI) Price Target to C$10.50
Ensign Energy Services Inc (TSE:ESI) had its price objective raised by analysts at CIBC from C$9.00 to C$10.50 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. CIBC’s price target would suggest a potential upside of 56.72% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Raymond James Financial, Inc. upgraded Ensign Energy Services from a “market perform” rating to an “outperform” rating in a report on Monday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$10.00 price target on shares of Ensign Energy Services in a report on Thursday, March 30th. BMO Capital Markets lifted their price target on Ensign Energy Services from C$8.50 to C$10.00 in a report on Tuesday, May 9th. Scotiabank downgraded Ensign Energy Services from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from C$9.50 to C$8.50 in a report on Tuesday, May 9th. Finally, Canaccord Genuity lowered their price target on Ensign Energy Services from C$8.50 to C$7.50 in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$9.59.
Ensign Energy Services (TSE:ESI) traded down 0.45% during trading on Thursday, reaching $6.67. The company had a trading volume of 115,418 shares. The stock has a 50 day moving average price of $6.80 and a 200 day moving average price of $7.83. Ensign Energy Services has a 12 month low of $6.27 and a 12 month high of $10.41. The firm’s market capitalization is $1.04 billion.
In other news, Director Thomas Joseph Connors acquired 18,500 shares of Ensign Energy Services stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average price of C$6.70 per share, with a total value of C$123,950.00.
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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