Ensign Energy Services (TSE:ESI) Rating Lowered to Hold at BMO Capital Markets

Ensign Energy Services (TSE:ESI) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat reports. They presently have a C$3.50 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 49.57% from the company’s current price.

ESI has been the topic of a number of other research reports. CIBC lifted their price objective on shares of Ensign Energy Services from C$2.50 to C$2.75 in a research note on Wednesday, October 15th. Atb Cap Markets raised Ensign Energy Services to a “hold” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada cut shares of Ensign Energy Services from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$2.50 to C$3.00 in a research report on Thursday, October 9th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$2.88.

Ensign Energy Services Stock Performance

Ensign Energy Services stock opened at C$2.34 on Monday. Ensign Energy Services has a 12 month low of C$1.73 and a 12 month high of C$3.52. The stock’s 50-day moving average is C$2.55 and its 200-day moving average is C$2.38. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30. The company has a market cap of C$428.84 million, a price-to-earnings ratio of -9.36, a price-to-earnings-growth ratio of 202.94 and a beta of 1.57.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Friday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$411.16 million for the quarter. Ensign Energy Services had a return on equity of 2.37% and a net margin of 1.86%. Equities analysts anticipate that Ensign Energy Services will post 0.2901354 earnings per share for the current year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs.