CIBC Boosts Ensign Energy Services (ESI) Price Target to C$9.00

Ensign Energy Services (TSE:ESI) had its price target hoisted by investment analysts at CIBC from C$8.00 to C$9.00 in a note issued to investors on Tuesday. CIBC’s price objective would suggest a potential upside of 20.16% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. GMP Securities upped their price target on Ensign Energy Services from C$7.50 to C$8.00 in a research report on Thursday, January 18th. TD Securities cut Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 price target on the stock. in a research report on Monday, October 2nd. Royal Bank of Canada upped their price target on Ensign Energy Services from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Canaccord Genuity decreased their price target on Ensign Energy Services from C$7.50 to C$7.25 in a research report on Tuesday, November 7th. Finally, Citigroup decreased their price target on Ensign Energy Services from C$8.00 to C$7.00 in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$8.22.

Ensign Energy Services (TSE ESI) traded down C$0.09 during midday trading on Tuesday, reaching C$7.49. 204,218 shares of the company’s stock traded hands, compared to its average volume of 269,016. The stock has a market capitalization of $1,180.00, a P/E ratio of -7.97 and a beta of 0.72. Ensign Energy Services has a 1-year low of C$5.95 and a 1-year high of C$9.69.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Wednesday, November 8th. The company reported C($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.12) by C($0.11). Ensign Energy Services had a negative net margin of 14.78% and a negative return on equity of 8.73%.

In related news, insider Michael Gray acquired 5,232 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average price of C$7.45 per share, with a total value of C$38,978.40. Also, Director Gail Donelda Surkan acquired 33,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of C$6.03 per share, with a total value of C$198,990.00.

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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.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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