Ensign Energy Services Inc. (TSE:ESI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ensign Energy Services Inc. (TSE:ESI) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$4.11.

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the company a “hold” rating in a report on Monday, March 4th. CIBC lowered their price target on shares of Ensign Energy Services from C$4.00 to C$3.25 and set a “neutral” rating for the company in a report on Tuesday, January 16th. ATB Capital lowered their price target on shares of Ensign Energy Services from C$7.00 to C$5.00 and set an “outperform” rating for the company in a report on Friday, December 22nd. BMO Capital Markets increased their price target on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Royal Bank of Canada increased their price objective on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th.

Ensign Energy Services Stock Down 0.8 %

ESI opened at C$2.57 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 94.00. Ensign Energy Services has a 52 week low of C$1.77 and a 52 week high of C$3.78. The firm has a 50-day simple moving average of C$2.43 and a two-hundred day simple moving average of C$2.39. The company has a market capitalization of C$470.00 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings results on Friday, March 1st. The company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.14. Ensign Energy Services had a net margin of 2.30% and a return on equity of 3.21%. The firm had revenue of C$430.54 million during the quarter, compared to the consensus estimate of C$444.50 million. Analysts forecast that Ensign Energy Services will post 0.1956027 earnings per share for the current fiscal year.

About Ensign Energy Services

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.