Ensign Energy Services Inc. (TSE:ESI) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Markets Daily

Ensign Energy Services Inc. (TSE:ESI – Get Free Report) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$4.11.

A number of equities research analysts recently issued reports on the stock. CIBC dropped their price target on shares of Ensign Energy Services from C$4.00 to C$3.25 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Royal Bank of Canada boosted their price target 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 boosted their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, BMO Capital Markets boosted their price target on shares of 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.

Get Our Latest Analysis on Ensign Energy Services

Ensign Energy Services Stock Performance

Shares of Ensign Energy Services stock opened at C$2.32 on Friday. 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 quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 94.00. The firm has a market capitalization of C$424.28 million, a P/E ratio of 10.55, a PEG ratio of 202.94 and a beta of 3.10. The company has a 50 day moving average price of C$2.45 and a 200 day moving average price of C$2.36.

Ensign Energy Services (TSE:ESI – Get Free Report) last posted its quarterly earnings results on Friday, March 1st. The company reported C$0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.14. The company had revenue of C$430.54 million during the quarter, compared to analyst estimates of C$444.50 million. Ensign Energy Services had a net margin of 2.30% and a return on equity of 3.21%. Sell-side analysts expect that Ensign Energy Services will post 0.1956027 EPS for the current year.

Ensign Energy Services Company Profile

(Get Free Report

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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