Ensign Energy Services Inc (ESI) Given Consensus Recommendation of “Hold” by Brokerages
Ensign Energy Services Inc (TSE:ESI) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$9.02.
Several research firms recently weighed in on ESI. Canaccord Genuity reduced their price objective on shares of Ensign Energy Services from C$7.50 to C$7.00 in a research note on Thursday, August 17th. TD Securities downgraded shares of Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 target price on the stock. in a report on Monday, October 2nd. Royal Bank Of Canada raised their target price on shares of Ensign Energy Services from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. CIBC dropped their target price on shares of Ensign Energy Services from C$9.00 to C$8.00 in a report on Friday, October 20th. Finally, Raymond James Financial, Inc. downgraded shares of Ensign Energy Services from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$9.00 to C$7.20 in a report on Tuesday, August 22nd.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This is an increase from Ensign Energy Services’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.23%.
In other news, Director Gail Donelda Surkan sold 33,000 shares of Ensign Energy Services stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of C$6.59, for a total value of C$217,470.00.
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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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