Ensign Energy Services Inc. (TSE:ESI – Get Free Report) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$3.88.
A number of brokerages recently issued reports on ESI. BMO Capital Markets increased their target price on Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a report on Monday, March 4th. CIBC upped their target price on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their price target on Ensign Energy Services from C$2.50 to C$2.75 and gave the company a “hold” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada lowered their price objective on Ensign Energy Services from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research note on Tuesday.
Check Out Our Latest Stock Report on Ensign Energy Services
Ensign Energy Services Trading Down 0.9 %
Ensign Energy Services (TSE:ESI – Get Free Report) last issued its quarterly earnings results on Friday, March 1st. The company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.14. The firm had revenue of C$430.54 million for the quarter, compared to analyst estimates of C$444.50 million. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%. On average, sell-side analysts predict that Ensign Energy Services will post 0.1998433 EPS for the current year.
Ensign Energy Services Company Profile
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.
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