ATB Capital Has Lowered Expectations for Ensign Energy Services (TSE:ESI) Stock Price

Ensign Energy Services (TSE:ESI) had its price objective reduced by equities researchers at ATB Capital from C$3.25 to C$3.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Capital’s price target indicates a potential upside of 26.58% from the company’s current price.

Other research analysts have also issued reports about the stock. Atb Cap Markets upgraded shares of Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada downgraded 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 note on Thursday, October 9th. CIBC lifted their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 in a report on Wednesday, October 15th. Finally, BMO Capital Markets downgraded Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 price objective for the company. in a report on Monday, December 15th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$2.90.

Ensign Energy Services Trading Down 0.4%

ESI opened at C$2.37 on Friday. Ensign Energy Services has a one year low of C$1.73 and a one year high of C$3.52. The company has a market cap of C$434.34 million, a P/E ratio of -9.48, a PEG ratio of 202.94 and a beta of 1.57. The business’s 50-day simple moving average is C$2.55 and its 200-day simple moving average is C$2.38. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, November 7th. The company reported C($0.02) EPS for the quarter. Ensign Energy Services had a net margin of 1.86% and a return on equity of 2.37%. The business had revenue of C$411.16 million during the quarter. As a group, equities research analysts expect that Ensign Energy Services will post 0.2901354 EPS for the current fiscal 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. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.