Ensign Energy Services (TSE:ESI) Price Target Increased to C$2.00 by Analysts at BMO Capital Markets

Ensign Energy Services (TSE:ESI) had its target price increased by BMO Capital Markets from C$1.40 to C$2.00 in a research note issued to investors on Thursday morning, Analyst Price Targets reports. They currently have a na rating on the stock.

A number of other equities research analysts have also weighed in on ESI. ATB Capital reduced their price objective on Ensign Energy Services from C$3.25 to C$3.00 and set a na rating on the stock in a research report on Tuesday, May 11th. CIBC reaffirmed a neutral rating and issued a C$1.40 price objective on shares of Ensign Energy Services in a research note on Tuesday, March 30th. Atb Cap Markets upgraded shares of Ensign Energy Services from a sector perform rating to an outperform rating in a research report on Monday, April 5th. TD Securities decreased their price target on shares of Ensign Energy Services from C$1.50 to C$1.40 and set a hold rating for the company in a research report on Monday, May 10th. Finally, Canaccord Genuity reduced their price objective on shares of Ensign Energy Services from C$1.75 to C$1.40 and set a na rating on the stock in a research note on Friday, May 21st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of C$1.46.

ESI opened at C$1.93 on Thursday. The firm has a market cap of C$313.52 million and a P/E ratio of -3.32. The company has a current ratio of 1.64, a quick ratio of 1.32 and a debt-to-equity ratio of 104.91. The firm has a 50 day moving average of C$1.25. Ensign Energy Services has a 1-year low of C$0.45 and a 1-year high of C$1.97.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Monday, May 10th. The company reported C($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.31) by C$0.04. The company had revenue of C$218.54 million during the quarter, compared to analyst estimates of C$243.05 million. On average, equities analysts predict that Ensign Energy Services will post -0.69 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 other services.

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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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