Ensign Energy Services (TSE:ESI – Get Free Report) had its target price dropped by investment analysts at Royal Bank of Canada from C$4.00 to C$3.50 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 48.94% from the company’s previous close.
A number of other research firms have also commented on ESI. CIBC lifted their price target on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Stifel Nicolaus lifted 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 research report on Monday, March 4th. Finally, BMO Capital Markets lifted 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 research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ensign Energy Services currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.11.
View Our Latest Stock Report on Ensign Energy Services
Ensign Energy Services Stock Down 2.1 %
Ensign Energy Services (TSE:ESI – Get Free Report) last issued its quarterly earnings data on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, beating 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 firm had revenue of C$430.54 million for the quarter, compared to analyst estimates of C$444.50 million. As a group, equities analysts anticipate that Ensign Energy Services will post 0.1998433 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.
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