Ensign Energy Services Inc (TSE:ESI) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$8.12.

ESI has been the topic of several analyst reports. CIBC cut their target price on Ensign Energy Services from C$9.00 to C$8.00 in a research note on Friday, October 20th. Citigroup cut their target price on Ensign Energy Services from C$8.00 to C$7.00 in a research note on Friday, November 17th. Canaccord Genuity cut their target price on Ensign Energy Services from C$7.50 to C$7.25 in a research note on Tuesday, November 7th. TD Securities raised Ensign Energy Services from a “hold” rating to a “buy” rating and increased their target price for the company from C$7.50 to C$8.50 in a research note on Thursday, January 4th. Finally, BMO Capital Markets reissued 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.

Ensign Energy Services (TSE ESI) traded down C$0.10 during trading hours on Monday, reaching C$7.54. The company’s stock had a trading volume of 206,460 shares, compared to its average volume of 279,892. Ensign Energy Services has a 1 year low of C$5.95 and a 1 year high of C$9.69. The firm has a market capitalization of $1,180.00, a price-to-earnings ratio of -8.02 and a beta of 0.72.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 20th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Tuesday, December 19th. Ensign Energy Services’s dividend payout ratio is currently -51.06%.

In other Ensign Energy Services news, Director Gail Donelda Surkan purchased 33,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of C$6.03 per share, with a total value of C$198,990.00.

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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.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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