Ensign Energy Services (TSE:ESI) Price Target Increased to C$3.75 by Analysts at CIBC

Ensign Energy Services (TSE:ESI) had its price target upped by CIBC from C$3.25 to C$3.75 in a research note published on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other brokerages also recently weighed in on ESI. Royal Bank of Canada upped their target price on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the company an outperform rating in a research note on Monday, March 4th. Stifel Nicolaus upped 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. Finally, BMO Capital Markets upped 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ensign Energy Services currently has an average rating of Moderate Buy and an average target price of C$4.18.

Ensign Energy Services Price Performance

ESI opened at C$2.37 on Monday. 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 company has a 50 day moving average of C$2.46 and a two-hundred day moving average of C$2.35. The company has a market cap of C$433.43 million, a P/E ratio of 10.77, a P/E/G ratio of 202.94 and a beta of 3.10.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Friday, March 1st. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of C$430.54 million during the quarter, compared to the consensus estimate of C$444.50 million. On average, analysts expect that Ensign Energy Services will post 0.1956027 earnings per share for the current 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.