Ensign Energy Services Inc (ESI) Receives Average Recommendation of “Hold” from Brokerages
Ensign Energy Services Inc (TSE:ESI) has been given a consensus rating of “Buy” by the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$9.60.
A number of equities research analysts recently commented on ESI shares. Raymond James Financial, Inc. upgraded shares of Ensign Energy Services from a “market perform” rating to an “outperform” rating in a report on Monday, April 17th. CIBC lowered their price target on shares of Ensign Energy Services from C$12.50 to C$10.50 in a report on Tuesday, May 9th. BMO Capital Markets upped their price target on shares of Ensign Energy Services from C$8.50 to C$10.00 in a report on Tuesday, May 9th. 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. Finally, Scotiabank lowered shares of 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.
In related news, Director Thomas Joseph Connors acquired 18,500 shares of Ensign Energy Services stock in a transaction on Friday, June 23rd. The shares were acquired at an average cost of C$6.70 per share, with a total value of C$123,950.00.
Ensign Energy Services (ESI) traded up 0.15% during midday trading on Monday, hitting $6.56. 152,464 shares of the stock traded hands. Ensign Energy Services has a 52 week low of $6.27 and a 52 week high of $10.40. The stock’s 50-day moving average price is $6.80 and its 200 day moving average price is $7.82. The company’s market capitalization is $1.02 billion.
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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