Ensign Energy Services Inc (ESI) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Ensign Energy Services Inc (TSE:ESI) have earned an average rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$9.50.
Several equities analysts have recently issued reports on ESI shares. BMO Capital Markets lifted their target price on shares of Ensign Energy Services from C$8.50 to C$10.00 in a report on Tuesday, May 9th. CIBC lowered their target price on shares of Ensign Energy Services from C$12.50 to C$10.50 in a report on Tuesday, May 9th. Canaccord Genuity lowered their target price on shares of Ensign Energy Services from C$7.50 to C$7.00 in a report on Thursday. Finally, Scotiabank lowered shares of Ensign Energy Services from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from C$9.50 to C$8.50 in a report on Tuesday, May 9th.
In other news, Director Thomas Joseph Connors purchased 18,500 shares of Ensign Energy Services stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average price of C$6.70 per share, with a total value of C$123,950.00.
Shares of Ensign Energy Services (TSE:ESI) traded up 2.62% during mid-day trading on Friday, reaching $6.65. The company’s stock had a trading volume of 160,598 shares. Ensign Energy Services has a 12 month low of $6.20 and a 12 month high of $10.40. The company has a 50-day moving average of $6.65 and a 200-day moving average of $7.43. The company’s market cap is $1.04 billion.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 20th. This represents a $0.48 annualized dividend and a dividend yield of 7.22%. This is an increase from Ensign Energy Services’s previous quarterly dividend of $0.10.
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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