Ensign Energy Services (ESI) Upgraded by TD Securities to “Buy”
Ensign Energy Services (TSE:ESI) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage presently has a C$8.50 target price on the stock, up from their prior target price of C$7.50. TD Securities’ price objective indicates a potential upside of 24.45% from the stock’s previous close.
A number of other research firms have also weighed in on ESI. Canaccord Genuity reduced their target price on Ensign Energy Services from C$7.50 to C$7.25 in a research note on Tuesday, November 7th. CIBC reduced their target price on Ensign Energy Services from C$9.00 to C$8.00 in a research note on Friday, October 20th. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.50 target price on shares of Ensign Energy Services in a research note on Tuesday, November 7th. Citigroup reduced their target price on Ensign Energy Services from C$8.00 to C$7.00 in a research note on Friday, November 17th. Finally, Royal Bank of Canada increased their target price on Ensign Energy Services from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$8.12.
Ensign Energy Services (TSE:ESI) traded up C$0.19 during mid-day trading on Thursday, reaching C$6.83. The company’s stock had a trading volume of 215,310 shares, compared to its average volume of 186,102. Ensign Energy Services has a twelve month low of C$5.95 and a twelve month high of C$9.81. The stock has a market capitalization of $1,040.00, a price-to-earnings ratio of -7.27 and a beta of 0.72.
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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