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 boosted by CIBC from C$3.25 to C$3.75 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

ESI has been the subject of several other reports. Royal Bank of Canada raised 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 report on Monday, March 4th. Stifel Nicolaus lifted their price target on Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a hold rating in a research note on Monday, March 4th. Finally, BMO Capital Markets upped their price objective on Ensign Energy Services from C$3.00 to C$3.50 and gave the company an outperform rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ensign Energy Services has a consensus rating of Moderate Buy and a consensus target price of C$4.18.

Ensign Energy Services Trading Down 0.8 %

TSE:ESI opened at C$2.46 on Monday. The stock has a market cap of C$449.88 million, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10. Ensign Energy Services has a one year low of C$1.77 and a one year high of C$3.78. The company has a debt-to-equity ratio of 94.00, a quick ratio of 1.30 and a current ratio of 1.04. The business’s 50-day simple moving average is C$2.46 and its 200 day simple moving average is C$2.34.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, March 1st. The company reported C$0.17 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.14. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%. The company had revenue of C$430.54 million during the quarter, compared to analysts’ expectations of C$444.50 million. As a group, sell-side analysts predict 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.